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TASI surges 96 pts in week, market cap rises

TASI surges 96 pts in week, market cap rises
TASI surges 96 pts in week, market cap rises

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished the week ended on 29 November in the green after its main Tadawul All Share Index (TASI) rose 95.67 points, or 1.26%, reaching 7,702.99 points.

TASI’s market capitalisation value increased by SAR 22.1 billion ($5.9 billion), to SAR 1.82 billion ($485.9 billion), from SAR 1.8 billion ($480 billion) a week earlier.

Traded volume inched down 0.61% to 609.9 million shares, from 613.6 million a week before, whereas liquidity jumped 12.1%, reaching SAR 15.4 billion, compared to SAR 13.78 billion.

There are around 16 sectors which rose, led by the insurance with 3.35%, and the food and beverages sector ranked second with 3.28%, the commercial and professional services sector with 1.8%, and the consumer services sector with 0.31%.

On a related note, the telecommunication services, banks, and materials sectors levelled up 2.08%, 1.6%, and 0.4%, respectively.