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TASI opens 0.7% higher, liquidity near SAR 1bn

TASI opens 0.7% higher, liquidity near SAR 1bn
Photo Credit: Arabianeye-Reuters

By Moaaz bin Saad

Riyadh-Mubasher: The Tadawul All-Share Index (TASI) gained 0.70% or 63.99 points to hit the 9,197 level on Thursday at 11:10am Mecca time.

More than 34.8 million shares were traded through nearly 16,000 transactions at a turnover exceeding SAR 972.6 million.

Samba declined 1.59% to SAR 27.8. The group announced on Thursday that its extraordinary general meeting approved increasing capital from SAR 12 billion to SAR 20 billion, through two-for-three bonus share distribution.

Saudi Hollandi was the best performer, leaping 3.99% to SAR 41.7. Meanwhile, Savola was the worst performer, sliding 7.93% to SAR 71.25.

Dar Al-Arkan was the most active in terms of traded volume, reaching 6.6 million shares. SABIC led by number of trades with 846.

Translated by Abdul Maguid Aboshahla