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TASI rises for 2nd week in row

TASI rises for 2nd week in row
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Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) recorded gains for the second consecutive week.

The Tadawul All Shares Index (TASI) rose 1.05%, adding 87.56 points, as it closed at the level of 8,449.97 points.

Market cap increased by around 1.3% or SAR 25.06 billion, exceeding SAR 2 trillion, amounting to SAR 2.009 trillion ($535.87 billion).

On the other hand, traded values declined 1.1% to SAR 14.815 billion, with volumes dropping 5.7% to 558.78 million shares, down from 592.68 million shares last week.

As for the market sectors’ performance, 13 indices ended the week in the green zone, led by media and publishing with 12.5%, and followed by food retail with 4.7%.

Seven sectors registered losses, as food production went down 3.7%, while the energy and real estate sectors’ weekly losses totalled 2.5% and 2.1%, respectively.