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Tadawul resumes gains on Thursday

Tadawul resumes gains on Thursday
Saudi Stock Exchange

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday’s trading session in the green zone, amidst the rise of major market sectors.

The Tadawul All Share Index (TASI) added 0.44% or 34.31 points and closed at the level of 7,905.51 points.

Traded values decreased to SAR 2.06 billion, compared with SAR 2.29 billion yesterday.

Volumes also declined to 94.27 million traded shares down from 102.35 million shares on Wednesday.

The session witnessed the rise of 117 stocks, led by Anaam Holding that surged 9.87%, while 56 stocks closed in red with Baazeem Trading registering the highest loss at 9.62%.

Al Rajhi had the highest turnover with SAR 248.2 million, while Alinma was the most actively traded stock with 6.37 million shares.

Food retail led the rising market sector indices, while telecom increased by 1.1%, banks by 0.49%, and materials with 0.31%.

Only market sectors ended today’s sessions in losses, as energy and pharmaceuticals fell by 0.44% and 0.38%, respectively.

Meanwhile, the Nomu-Parallel Market rose by 4.32% and closed at 6,880.91 points.

It is worth noting that Saudi Aramco is expected to announce later today the final price of its share in the initial public offering (IPO), which concluded on Wednesday 4 December.