Tadawul rises in week; Nomu continues to fall

Tadawul rises in week; Nomu continues to fall
Photo Credit: Arabianeye-Reuters

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) gained 0.81% or 55.59 points to reach 6,938.10 points by the week ended on 18 May when compared to 6,882.51 points in the previous week.

Meanwhile, the main index of the Nomu-Parallel Market lost 2.3% or 100.6 points to reach 4,283.56 points this week from 4,384.14 points a week ago.

Tadawul’s market cap increased by SAR 13 billion ($3.49 billion) to total SAR 1.636 trillion ($436.26 billion) this week from SAR 1.623 trillion ($432.77 billion) in the prior week.

The goods sector topped 12 gainers with 3.86%, followed by the media segment which levelled up by 2.7%.

Meanwhile, the energy sector led eight decliners with 2.89%.

The market’s liquidity grew by 20% to SAR 16 billion ($4.27 billion) this week from SAR 13.35 billion ($3.56 billion) in the week ended on 11 May. 

The trading volume increased by 33% to 1.15 billion shares from 861.5 million in the past week.

Dar Al Arkan was the most active stock on which 548.86 million shares were exchanged at a value of SAR 3.58 billion, rising by 5.08% to SAR 6.62.

Ash Sharqiyah Development was the top winner this week with a rise of 29.24% to SAR 41.15, while Petro Rabigh led the losers with a drop of 15.38% to SAR 12.27.

 

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Source: Mubasher

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