By Majid Al Shabib

Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) benchmark rose in February by 4.90% or 434.98 points to end the month at 9313 points, compared with 8878.5 points at January-end.

Thus, the index TASI continued its winning streak to the second successive month, after it dragged for four months at the end of 2014.

The market rally was spurred by the rise of most stocks, as eleven moved higher topped by energy (+19.19%), then real estate development (+15.53%). Banks and petrochemical industries also gained 6.86% and 3.21% respectively. Meanwhile, four sectors moved lower led by telecommunications.

The market’s traded volume amounted to 7.68 billion shares, an increase by 13.97% from 6.74 billion shares in January. Turnover also rose 19.61% to SAR 194.3 billion from SAR 162.5 billion. The number of transactions decreased 0.52% to 3.08 million from 3.1 million.

Translated by Sayed Abdel Rahman