Aramco Missing in List of Star Saudi First-Quarter Stocks
- Companies delivering gains include insurer, hospital operator
- Oil giant is still trading below price of record-breaking IPO
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Saudi Arabian equity investors reviewing outperformers in the market’s worst quarter since 2014 are left with a mixed bag of star stocks -- and the national oil champion isn’t even close to cracking the list.
The top five gainers in Riyadh this year include a small insurer, a plastic producer, a supermarkets owner, an education company and a hospital operator. They don’t exactly boast a track record of consistent success between them: the first four haven’t broken into the top five in any quarter since 2016, while the last has just made its market debut.