TASI hits 2.5-yr high, Nomu adds 122 pts Monday

TASI hits 2.5-yr high, Nomu adds 122 pts Monday
TASI’s traded volume reached 212.26 million shares on Monday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday in the green after its main Tadawul All Share (TASI) jumped 77.79 points, or 1%, to finish at 8,050.30 points, touching its highest level since more than two years and a half.  

TASI’s traded volume reached 212.26 million shares on Monday, up from 189.25 million on Sunday, while trading value increased to SAR 4.92 billion versus SAR 4.19 billion.

The consumer durables and apparel, insurance, healthcare, banks, materials, and telecommunication services sectors rose 2.5%, 2.4%, 1.95%, 1.4%, 0.8%, and 0.3%, respectively.

On the flipside, the energy sector edged down 0.2%, while real estate investment traded funds (REITs) shed 0.08%.

Salama Cooperative Insurance’s stock led TASI’s gainers with 6.7%, whereas Yanbu Cement’s stock decreased 2.8%.

The Saudi Basic Industries Corporation’s (SABIC) stock dominated TASI's turnover after generating SAR 686.22 million, while Dar Al Arkan Real Estate Development’s stock was the most active in terms of trading volume after 45.39 million shares were exchanged.

In the meantime, the benchmark index of the Nomu-Parallel Market, Nomu, surged 122.91 points, or 4%, to close at 3,171.27 points.

Nomu’s trading volume hit 365,240 shares on Monday, compared to 44,490 on Sunday, while traded value grew to SAR 8.85 million, from SAR 845,170.

The stock of Development Works Food levelled up 20%, while Raydan Co’s stock jumped 12.7%.

Baazeem Trading’s stock was Nomu’s most active after 142,790 shares were exchange, generating SAR 3.64 million in a turnover.