TASI records highest weekly gains in 10M

TASI records highest weekly gains in 10M
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Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week up by more than 450 points, recording its biggest weekly increase since June 2017.

The Tadawul All Shares Index (TASI) rose by 5.79% or 453 points, and ended Thursday’s session at the level of 8,277.14 points.

The market capital grew by SAR 97.86 billion ($26 billion) to a total of SAR 1.955 trillion ($521 billion).

As for the average traded value, it went up by 7.4% to SAR 5.05 billion a session, with the total weekly turnover reaching SAR 25.3 billion.

Traded volumes also increased by 8.55% to an average of 226.7 million shares per session.

20 of the market sector indices ended the week in green, led by media and publishing that added 14.78%, followed by banks and food retails with 8.1% and 6.5%, respectively.

The Materials and telecom sectors also rose by 5.8% and 3.15%.

Meanwhile, the Nomu-Parallel market added 4.6% or 140 points, and closed the week at 3,167.6 points.