Tadawul All Share Index (TASI) rose 6.47% or 617.79 points during the week October 19-23 to end at 10165.33 points, compared with 9547.54 points a week earlier.
Thus, the market rebounded from its record weekly losses during the week October 12-16, which were the biggest since January 2008.
The market trimmed these losses, which amounted to 1303.94 points, by 47.4%.
The weekly turnover amounted to SAR 2.07 trillion ($552.3 billion), rising SAR 125.7 billion ($33.5 billion) from SAR 1.945 trillion ($518.7 billion) a week earlier.
Sectors headed north, spearheaded by insurance (+11.43%), real estate development (+9.82%) and agriculture (+7.8%), while media & publishing was tailed the list (+2.58%).
The market’s five indicators were positive this year. Traded volume rose 3.75% to 1.32 billion shares from 1.28 billion shares. Turnover increased 2.86% to SAR 42.8 billion from SAR 41.6 billion. The number of transaction increased 0.9% to 658.3 thousand from 562.5 thousand. The number of advancing stocks amounted to 156, compared to zero as week earlier. The number of declining stocks fell to 5 from 161.
Out of the 161 stocks traded during the week, 156 headed north topped by PetroRabigh (+25.21%) followed by BUPA Arabia (+24.18%) and BCI (+19.86%).
Five stocks headed south; AXA Cooperative (-6.19%), Aldrees (-3.94%), Saudi Chemical (-1.12%), Uni-Trans Budget (-0.25%) and Tihama (-0.06%).
Market capitalization rose by 6.46% to SAR 2.07 trillion from SAR 1.945 trillion.
( Written by Ahmed Abu Meleeh; translated by Sayed Abdel Rahman)