TASI sees marginal gains in week

TASI sees marginal gains in week
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Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week on marginal gains, as the main index gained less than 15 points.

The Tadawul All Shares Index (TASI) rose by 0.2% and closed at 7,525.2 points.

The market capital increased by SAR 1.75 billion to reach a total of SAR 1.762 trillion by the end of the week.

Meanwhile, traded values decreased by 0.5%, while volumes decreased by 3.6%.

As for the market sectors performance, 10 indices closed in green, while another 10 closed in red.

Consumer services led the gainers with 3.08%, followed by food retailing with 3.06%, while media and publishing led the decliners as it lost 4.46%, with insurance slipping 1.58%.

Analyst Safaa Faris believes that TASI is now targeting the level of 7,630 points as the short-term resistance, followed by 7,750 points.

On the other hand, the main support level is at 7,460, followed by 7,390 points.

The parallel marker also saw small gains this week, as NOMU levelled up 0.1%, or 3.16 points to 3,095.2 points.

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Source: Mubasher Exclusive