TASI grows, Nomu declines at Wednesday’s close

TASI grows, Nomu declines at Wednesday’s close
The telecommunication services sector increased 1.2%, followed by materials with 0.5%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in the green zone after its benchmark Tadawul All Share Index (TASI) rose 0.04% or 3.03 to reach 6,936.49 points.

TASI’s trading volume stood at 193.37 million shares on Wednesday, against 287.45 million shares on Tuesday, while liquidity decreased to SAR 4.24 billion, from SAR 6 billion.

The telecommunication services sector increased 1.2%, followed by materials with 0.5%, real estate investment traded funds (REITs) with 0.64%, and food and beverages with 0.6%.

On the flipside, the diversified financials, media, and banks sectors levelled down 2.97%, 2.1%, and 0.2%, respectively.

Abdul Mohsen Al Hokair Group for Tourism and Development Co.’s stock topped TASI’s gainers after surging 9.95%, whereas Malath Cooperative Insurance Company’s stock led losers after dropping 8.4%.

Al Tayyar Travel Group Holding’s stock led TASI in terms of trading value with a turnover of SAR 602.74 million, while Al Inma Bank’s stock was the most active in terms of traded volume after 33.5 million shares were exchanged.

In the meantime, NOMU, the main index of the Nomu-Parallel Market, tumbled 0.25% or 7.56 points reaching 2,981.67 points.

Nomu’s trading volume amounted to 108,300 shares on Wednesday, against 145,550 on Tuesday, while liquidity declined to SAR 1.67 million, from SAR 3.08 million.

The stocks of Arab Sea Information System, and Baazeem Trading retreated 11.2%, and 7.7%, respectively, whereas Al-Samaani Factory for Metal Industries’ stock went up 13.5%, and Abo Moati for Bookstores’ stock grew 3%.

Raydan Co’s acquired Nomu’s traded volume with 36,870 shares, generating SAR 600,700.

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Source: Mubasher

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