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TASI hits highest level in 5M at close Thursday

TASI hits highest level in 5M at close Thursday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Thursday’s trading activities in the green after its benchmark Tadawul All Share Index (TASI) surged 63.48 points, or 0.78%, to 8,210.16 points, recording its highest level in five months, or since 8 August 2018.

TASI’s trading volume stood at 134.56 million shares, down from 141.93 million on Wednesday, whereas liquidity rose to SAR 3.2 billion, from SAR 3.09 billion.

The banks sector topped gainers with 1.4%, followed by the food and beverages sector with 0.96%, while telecommunication services gained 0.88%, and materials rose 0.8%.

On the flipside, the media sector led losers with 1.2%, while the real estate management and development sector shed 1.1%.

Leejam Sports Company’s stock was the best performer. having added 5.7%, whereas Saudi Enaya Cooperative Insurance Company’s (Enaya) stock led losers with 10%.

Al Rajhi Bank’s stock was TASI's value leader with SAR 395.26 million in turnover, while Mobile Telecommunications Company Saudi Arabia's (Zain) stock led in terms of trading volume with 13.59 million exchanged shares.

Meanwhile, the main index of the Nomu secondary market, NOMU, tumbled 7.78 points, or 0.3%, reaching 2,567.73 points.

Nomu’s traded volume fell to 43,990 shares, from 60,140 on Wednesday, while liquidity slumped to SAR 673,540, from SAR 1.24 million.

Al-Samaani Factory for Metal Industries’ stock led losers with 0.5%, while Raydan Co’s stock levelled up 0.54%.

Arab Sea Information System Co’s stock was Nomu’s most active in all terms after 19,470 shares were exchanged, with a turnover of SAR 249,680.