Saudi Arabia' index approaching its highest level in 15 years

The Saudi Arabia' index on Sunday has approached its highest level in 15 years amid rising oil prices after the geopolitical turmoil exacerbated fears of tight energy supplies.

The energy companies in the Kingdom index has risen by 0.6%, while Tadawul All Share Index (TASI) rose by 0.7% to 12,259 points with the increase of the Saudi Basic Industries Corporation (SABIC) by 1.5% and Aramco oil company by 0.7%.

Saudi Stock Exchange's main index ended trading higher in Riyadh Monday, gaining 12.59 points to close at 12,271.84 points.

The total value of the trading reported was SR9 billion, while the toll of shares traded was 229 million, divided into over 370,000 deals.

The Saudi Parallel Equity Market Index (NOMU) ended the day gaining 79.48 points, to close at 25,572.12 points, with a valuation of SR61 million and an overall tally of more than 670,000 stocks traded and divided into as many as 2,336 deals.

Meanwhile, Saudi Arabian digital security firm Elm, owned by the Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, is expected to raise SR3.07 billion ($818.27 million) after pricing its initial public offering at the top of its indicative price range.

It is noteworthy that Brent crude futures rose 69 cents to settle at $90.03 a barrel, after reaching $91.70, the highest level since October 2014.