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Mobie and Al-Fakhariya stocks hit yearly high
Mobily Industry Company's stock reached its highest level in 52 weeks, increasing by 5.88% to reach 18 Saudi riyals, with trades totaling approximately 691.6 thousand riyals across 213 transactions. Meanwhile, the Saudi Piping Products Company ("Al-Fakhariyah") stock declined by 2.54% to close at 16.47 riyals, with trades worth 2.35 million riyals through 774 deals. Trading shows that Mobily Industry's market value has risen to 750 million riyals, while Al-Fakhariyah's market value stands at 814 million riyals, with respective dividend distributions of 4% and 1.77%.
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