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TASI rises 380 pts in week; marks 8M-high

TASI rises 380 pts in week; marks 8M-high
A number of 14 sectors went up,

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has recorded its second successive weekly growth, reaching its highest level in over 8 months,

The Tadawul All Shares Index (TASI) added 379.69 points, or 4.85%, to 8,210.16 points in a week.

Market capitalisation increased by SAR 84.87 billion to SAR 1.951 trillion at the end of the week, compared to SAR 1.867 trillion a week earlier.

Over the week, the market’s liquidity soared 81.5% to SAR 15.68 billion, compared to the previous week.

A number of 14 sectors went up, on top of which banks (7.12%+), food production (6.17%+), materials (4.65%+), and telecommunications (3.86%+).

Meanwhile, six sectors declined at the end of the week, including the real estate (1.04%-)  and the pharmaceuticals (3.86%-)