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Saudi indices end Thursday higher

Saudi indices end Thursday higher
The real estate management and development sector rose 2.5%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday’s trading session in the green after its benchmark Tadawul All Share Index (TASI) grew 15.42 points, or 0.2%, to 8,248.47 points.

TASI’s traded volume hit 205.25 million shares on Thursday, down from 213.19 million on Wednesday, whereas trading value rose to SAR 4.75 billion, from SAR 4.43 billion.

The real estate management and development sector rose 2.5%, followed by real estate investment traded funds (REITs) with 1.6%.

The food and beverages, and the banking segments added 1.2%, and 0.55%, respectively.

On the flipside, the food and staples retailing, media, materials, and telecommunication services sectors decreased by 3%, 2.6%, 0.9%, and 0.1%, respectively.

Ash Sharqiyah Development’s stock was the best performer with 9.8%, whereas Saudi United Cooperative Insurance’s (Walaa) stock declined 6.4%.

Saudi Basic Industries Corporation’s (SABIC) stock dominated liquidity with SAR 624.42 million, while the stock of Dar Al Arkan Real Estate Development acquired trading volume after 33.91 million shares were exchanged.

In the meantime, the main index of the Nomu-Parallel Market, NOMU, registered its fifth rise in a row after adding 38.06 points, or 1.2%,  to finish at 3,251.20 points.

Nomu’s trading volume stood at 77,420 shares on Thursday, against 31,730 on Wednesday, while its turnover of rose to SAR 2.48 million, from SAR 956,970.

Al-Omran Industrial Trading’s stock went up 2.5%, whereas Al-Kathiri Holding Company’s stock tumbled 8.2%.

Thob Al-Aseel Company’s took over liquidity with SAR 1.4 million, whereas the stock of Raydan Co saw the most traded volume after 29,330 shares were exchanged.