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TASI surges 44 pts, Nomu retreats 39 pts at Wednesday’s close

TASI surges 44 pts, Nomu retreats 39 pts at Wednesday’s close
TASI surges 44 pts, Nomu retreats 39 pts at Wednesday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday up after its benchmark Tadawul All Share Index (TASI) jumped 0.65% or 44 points, reaching 6,822.45 points.

TASI on Wednesday saw trading of 132 million shares, through 75,700 transactions, generating SAR 2.6 billion.

The utilities sector increased 2.4%, followed by energy with 2.3%, materials with 0.62%, banks with 0.22%, and telecommunication services with 0.17%.

On the flipside, the commercial and professional services, and food and staples retailing sectors decreased 2.03%, and 0.88%, respectively.

Alujain Corp.’s stock topped TASI’s gainers after surging 10%, closing Wednesday at SAR 19.04, whereas Tihama Advertising and Public Relations’ stock tumbled 3.2%, reaching SAR 37.95.

In the meantime, NOMU, the main index of the Nomu-Parallel Market plunged 1.3% or 38.5 points to reach 2,908.1 points.

Nomu’s trading volume stood at 85,000 shares on Wednesday, against 44,000 shares on Tuesday, while liquidity rose to SAR 1.3 billion, from SAR 668,000.

Al-Samaani Factory for Metal Industries’ stock fell 4.2% to reach SAR 2.2, whereas the stocks of Al-Omran Industrial Trading, and Arab Sea Information System went up 3.5%, and 2%, respectively.