Tawasul
Mubasher TV
Contact Us Advertising   العربية

Saudi market ends Tuesday in green, sees highest liquidity level in 2019

Saudi market ends Tuesday in green, sees highest liquidity level in 2019
TASI’s turnover increased to SAR 28.62 billion on Tuesday

By: Bedour Al Raee

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday trading session with a positive performance.  

The benchmark Tadawul All Share Index (TASI) went up by 0.34%, or 27.68 points, ending the session at 8,285.54 points.

TASI’s turnover increased to SAR 28.62 billion on Tuesday, from SAR 3.45 billion on Monday, hitting the highest liquidity level for the second time in 2019, while trading volume levelled up to 766 million shares, compared to 125.95 million shares in the previous session.

The bourse has extended the closing auction session and the trade at last session to 20 minutes instead of 10 minutes.

About SAR 20 billion were injected during the auction and trading periods on the closing price.

The one-day extensions come ahead of the second and final tranche inclusion in MSCI as an Emerging Market effective Wednesday, 28 August, based on the closing prices of 27 August.

By the end of Tuesday, the market succeeded in moving into the green zone due to its readiness to join MSCI, and the market witnessed an unexpected amount of liquidity, Economist Abdullah Baeshen told Mubasher.

Baeshen added that the market will remain stable over the coming sessions after implementing the final tranche inclusion in MSCI.

By the end of the session, the materials sector topped the risers adding 1.56%.

 

Translated by: Kholoud Mohamed Hussein