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TASI closes at marginal gain

TASI closes at marginal gain
The benchmark index closed at 7,049.5 points - (Photo Credit: Arabianeye-Reuters)

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading in green, with a mixed performance by the market sectors, while the Nomu-Parallel Market saw maximum gains for all of its stocks in its first session.

The Tadawul All Share Index (TASI) saw marginal gains, as it added 0.05% or 3.37 points, and closed at the level of 7,049.54 points, losing some of its mid-session gains.

As for Nomu, the index grew 20%, gaining 100 points, to 5,999.81 points, compared to its starting level of 5,000 points, reaching its highest daily fluctuations limit of 20%.

The Nomu-Parallel Market was launched on Sunday, with trade beginning on seven stocks.

The Saudi bourse saw a decline in liquidity, as traded values reached SAR 3.15 billion ($840.8 million), its lowest value since the end of October, compared to SAR 3.6 billion ($964 million) on Thursday.

Traded volumes also decreased to around 190 million shares down from 197.56 million shares in the last session.

As for the sectors' performance, REITs led the gains by increasing 9.39%, as Riyadh REIT and Al Jazira REIT gained 9.7% and 9.8%, respectively.

The materials sector index also edged up 0.15%, after SABIC added 0.39% to SAR 07.75, while SAFCO slipped 0.03% to SAR 71.50.

Banks also saw a marginal rise of 0.05%, as NCB and Al Rajhi levelled up 0.02% and 0.34%, closing at SAR 41.40, and SAR 64.75, respectively.

On the other hand, the telecom sector lost 0.07%, as Mobily and STC fell 0.41% and 0.38%, closing at the levels of SAR 21.80 and SAR 65.75, respectively.

Al-Ahsa Development was Sunday’s biggest gainer and surged 8.6%, while Saudi Re led decliners and dropped 6.21%.

Alinma registered the highest turnover with SAR 303.7 million, while Dar Al Arkan was the most active in traded volumes with 38.7 million shares.