Saudi index rallies to close at 9,301; trading value at 1-month low

The value of shares changing hands reached SAR 7.2 billion, the lowest in one month.

SABIC rose almost 1 percent to SAR 92.86. Jabal Omar closed at an all-time high of SAR 72.87, climbing 4 percent.

Makkah Construction, Kingdom Holding, The National Agricultural Development Company (NADEC), and Chemanol jumped between 1 and 4 percent.

AXA Insurance was the biggest gainer, shutting at SAR 25.10 as its rights issue was 30.8 percent subscribed by its sixth day.

Nama Chemicals soared over 7 percent.

In the opposite direction, Mobily and Zain KSA shed around 2 percent to SAR 34.98 and SAR 6.83, respectively. MEDGULF was the top drag, falling over 3 percent to SAR 58.