TASI rises modestly, Nomu near stable at Tuesday’s close

TASI rises modestly, Nomu near stable at Tuesday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday’s trading session with a positive performance after its benchmark Tadawul All Share Index (TASI) went up 19.27 points, or 0.25%, to 7,838.94 points.

TASI’s trading volume reached 99.34 million shares, up from 98.16 million on Monday, while liquidity rose slightly to SAR 2.19 billion, from SAR 2.18 billion in the previous session.

The healthcare equipment and services sector led gainers with 1.9%, followed by the diversified financials sector with 1.4%.

The consumer durables and apparel sector also grew 0.9%, while the banking sector inched up 0.7%.

On the flipside, the materials, telecommunication services, retailing, and the food and staples retailing sectors decreased 0.26%, 0.11%, 0.7%, and 0.5%, respectively.

Saudi Enaya Cooperative Insurance Company’s (Enaya) stock was the best performer after jumping 8.2%, while MEFIC REIT Fund’s stock led losers with 5.2%.

Mobile Telecommunication Company Saudi Arabia’s (Zain) stock was the most active in terms of traded volume with 10.47 million shares, while the Saudi Basic Industries Corporation’s (SABIC) generated the highest liquidity with SAR 228.76 million.

In the meantime, NOMU, the main index of the Nomu-Parallel Market, fell 4.22 points, or 0.18%, to close the mid-week session at 2,405.16 points.

Nomu’s liquidity slumped to SAR 1.81 million, from SAR 2.43 million, while trading volume stood at 125,700 shares, down from 139,830 in the session before.

Abdullah Saad Mohamed Abo Moati for Bookstores Company’s stock led losers with 5.5%, while the stock of Raydan Co was the best performer after adding 3.1%.

Raydan Co’s stock acquired the secondary market’s activities through 75,700 exchanged shares, with a turnover of SAR 1.02 million.