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TASI hits 8-session high, Nomu surges 71 pts Thursday

TASI hits 8-session high, Nomu surges 71 pts Thursday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday’s trading session in the green for the third consecutive time after its benchmark Tadawul All Share Index (TASI) increased 24.20 points, or 0.3%, to 7,914.29 points, registering its highest level in eight sessions.

TASI’s trading volume reached 105.4 million shares, down from 126.48 million shares in the session before, while traded value amounted to SAR 2.48 billion, compared to SAR 2.35 billion.

The healthcare equipment and services sector led risers after gaining 2.3%, followed by the telecommunication services sector with 2%.

The real estate management and development, materials, and banking sectors rose 1%, 0.3%, and 0.07%, respectively. 

On the flipside, the retailing sector shed 0.5%, while the food and beverages sector levelled down 0.3%.

Saudi Enaya Cooperative Insurance Company’s (Enaya) stock was TASI’s best performer after jumping 9.9%, while the stock of Saudi Company for Hardware (SACO) led losers after dropping 2.7%.

Alinma Bank’s stock topped the main market in terms of trading volume with 9.5 million shares, while the Saudi Industrial Export Company’s (SIEC) stock generated the highest liquidity with SAR 247.63 million.

In the meantime, the main index of the Nomu secondary market, NOMU, surged 71.52 points, or 2.9%, to close the last session of the week at 2,514.73 points.

Nomu’s liquidity soared to SAR 5.89 million, from SAR 1.14 million on Wednesday, while traded volume grew to 333,090 shares, from 83,420 a session earlier.

Al Kathiri Holding Company’s stock went up 3.1%, and Baazeem Trading Co’s stock gained 1.8%.

Baazeem Trading Co’s stock acquired the parallel market in terms of traded value with SAR 1.2 million, while the stock of Abdullah Saad Mohamed Abo Moati for Bookstores Company posted the highest trading volume with 95,220 shares.