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Tadawul closes Thursday in green; up 5% in week

Tadawul closes Thursday in green; up 5% in week
TASI ended the week at 7,050.66 points

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday’s trading session on a marginal rise, supported by the gains of the energy and petrochemicals stocks.

The Tadawul All Shares Index (TASI) increasing by 0.01% on Thursday to 7,050.66 points, rising by 5% for the week, and achieving gains for the second consecutive week.

Thursday marked the last session before the Eid Al-Fitr Holiday, which marks the end of the Holy Month of Ramadan.

The materials index gained 0.39%, while the energy sector levelled up by 0.06%.

The telecom and banks sectors lost 0.60% and 0.16%, respectively.

ACIG led the gaining stocks, soaring by 9.7%, while APC was the biggest decliner, and lost 3.84%.

Dar Alarkan was the most active stock with 25 million traded shares, and STC registered the highest turnover with SAR 1.7 billion.

Today, 274.85 million shares were exchanged for SAR 8.82 billion through 198,870 transactions.

Weekly performance

All the market sectors ended the week in the green zone, except for the consumer durables index that lost 1.1%.

The materials sector topped the gainers and surged by 5.5%, followed by banks 5.4%, while the telecom and energy sector added 4.7% and 4.6%.

Trading volumes rose by 48.4% over the week to SAR 27.75%, compared with SAR 18.7 billion last week.

Trading values also grew to 1.14 billion shares, up by 20.3% from 944.7 million shares in the week before.

The Nomu Parallel Market saw a positive week, as the NomuC index added 1.1% and closed at the level of 7.170.71 points.