The Saudi stock market continues to rise… amid improved trading

0
13


Riyadh – Mubasher: The Saudi stock market, “Tadawul”, ended today’s session, the last session of the week, on a rise for the second consecutive session, with the support of the banking and basic materials sectors, amid an improvement in trading compared to the previous session.

The general index of the market “TASI” closed up by 0.10% to gain about 11.13 points, reaching the level of 11,422.11 points.

The market’s rise today was accompanied by a growth in the trading value to 10.184 billion riyals, compared to 6.87 billion riyals, and trading volumes rose to 223.089 million shares, compared to 176.401 million shares in the previous session.

The performance of 9 sectors, most notably banks, increased by 0.40%, and the performance of basic materials increased by 0.26%.

On the other hand, the performance of 12 sectors declined, most notably the telecommunications sector by 1.17%, and the energy sector by 0.11%.

On the level of stock performance, the green list included 81 stocks, led by “Naseej” after rising 5.61%, while 105 stocks closed in red, topping research and media, which fell by 4.76%.

The “Dar Al-Arkan” stock topped the most actively traded shares in terms of volume, with about 16.8953 million shares, while the “SABIC” stock topped the trading value by 1.463 billion riyals.

With regard to the performance of the parallel market, the (Upper Limit Growth) index closed down 0.74%, to lose 189.35 points from its balance, to reach the level of 25,369.09 points.

The “Smou” share topped the gains after rising 0.96%, and the “Al Naqool” share recorded the highest losses, down 4.40%.

The general index of the market “TASI” closed the trading session yesterday, Wednesday, up by 0.33% to gain about 37.80 points, bringing it to the level of 11,410.98 points.

Recommendations:

The Saudi stock market is rising again, amid an improvement in liquidity

Report: Car sales in Saudi Arabia are expected to grow by 24% by 2025







LEAVE A REPLY

Please enter your comment!
Please enter your name here