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TASI, Nomu end Wednesday higher

TASI, Nomu end Wednesday higher
SIEC led Tadawul’s risers, surging 9.9%

Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) closed Wednesday’s trading session at a slight rise despite the drop in liquidity to November-lows, while the parallel market index maintained a three-day rising streak.

The Tadawul All Share Index (TASI) added 0.1% or 7.15 points to close the session at 7,419.71 points.

Traded value dropped to SAR 2.64 billion, the lowest level since 22 November when turnover reached SAR 2.63 billion, from SAR 3.2 billion on Tuesday. Similarly, trading volume fell to 116.2 million shares exchanged, the lowest level since 17 October, versus 150.99 million in the previous session.

Twelve sectors ended Wednesday higher, while seven were in the red.

The media sector grew 2.2%, followed by the retail and commercial services sectors with 1.1% and 0.7%, respectively.

Moreover, the materials and banking sectors edged up 0.2% and 0.05%, respectively.

On the other hand, the transport sector fell 0.5%, while the telecom sector lost 0.8%, weighed by Mobily.

Saudi Industrial Export Co’s (SIEC) stock led Tadawul’s risers, surging 9.9%, while Mobily led fallers, sliding 7.1%.

Al Inma Bank’s stock was the most active in terms of value and volume with SAR 380.98 million and 18.77 million shares.

Meanwhile, the Nomu-parallel market index, NOMU, grew 0.22% or 6.93 points and closed at 3,090.64 points.

Turnover on NOMU reached SAR 3.64 million, a surge from SAR 899,100 logged on Tuesday, while volume reached 178,430 shares up from 48,030 shares in the previous session.

Al Kathiri’s stock led NOMU’s gainers, adding 7.7%, while Baazeem’s stock led losers, falling 2.8%.

Raydan was the most active in terms of volume on the parallel market, achieving SAR 1.28 million in turnover after 84,280 shares changed hands.