The Saudi stock market is rebounding, with the highest gains in 16 sessions


Riyadh – Mubasher: The Saudi stock market ended Tuesday’s session in green, to return to its gains after two sessions of decline, in light of a collective increase in the main sectors, amid a noticeable improvement in liquidity.

The general index of the market, “TASI”, closed up 1.2%, with gains of 109.91 points, which rose to the level of 9,248.28 points, compared to 9,138.37 points in the previous session.

The trading value rose to 15.27 billion riyals through 570.4 million shares, compared to 13.14 billion riyals through about 497.7 million shares at the end of Monday’s session.

The closing of 17 sectors was led by “banks”, which led the gains with a rise of 2.1%, and the telecommunications sector rose 1.18%, and the basic materials sector gains were 0.67% and 0.16%, and the energy sector registered a marginal increase of 0.04%.

The rest of the sectors closed lower, led by the food retail sector, which fell 0.29%, followed by the pharmaceutical sector, with a decline of 0.12%.

Regarding the performance of the shares, the gains included 131 shares, led by the “Alkhorayef” share, which closed up 24.79%, in its second session in the Saudi market.

On the other hand, 63 stocks closed in red, and Aseer came on top of the declines, after falling 6.35%.

The parallel market recorded a marginal increase, to close the index (growth ceiling) up 0.21%, with gains of 54 points, which rose to the level of 25,878.70 points.

The “developmental food” shares were the gainers in the parallel market, up 2.2%, and National Building and Marketing shares recorded the highest losses, down 1.71%.

The Saudi stock market “Tadawul” ended yesterday’s session with a marginal decline of 0.07%, extending its losses for the second day in a row, in light of the divergence of its main sectors.


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