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TASI rises 115 pts in November

TASI rises 115 pts in November
The food retailing sector surged 8%

Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All-Share Index (TASI) grew 114.98 points, or 1.48%, to 7,859.06 points in November.

Market capitalisation increased to SAR 1.844 trillion ($491.8 billion) over the month, compared to SAR 1.818 trillion ($485 billion) in the previous month.

The food retailing sector surged 8%, while the banking and capital goods sectors added 4% and 3.65%, respectively.

On the other hand, the software and services sector dropped 12.56%. The consumer durables declined by 6.13%, and the investment sector decreased by 4.8%.

Trading volume shrank to 2.224 billion shares, while liquidity plummeted to SAR 57.9 billion.