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Tadawul gains 235.1 pts in July

Tadawul gains 235.1 pts in July
The Saudi Stock Exchange (Tadawul)

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) added 235.1 points in July or 3.25% and rise to the level of 7,459.2 points when compared to the previous month.

The market capitalisation soared by 1.79% or SAR 147.33 billion ($39.29 billion) in July, recording SAR 8.38 trillion ($2.23 trillion) from SAR 8.23 trillion ($2.19 trillion) by June-end.

This rise came despite a 70.75% contraction in traded values, which amounted to SAR 111.4 billion ($29.7 billion) this month, compared to SAR 380.89 billion ($101.6 billion) in June.

The trading volume totalled 5.66 billion shares, compared to 8.3 billion, a monthly decline of 32%.

Furthermore, the average traded value in a single session in July came in at SAR 5.57 billion ($1.48 billion), compared with SAR 17.31 billion ($4.62 billion) a month earlier.

All sectors rose, excluding media and entertainment and telecom that lost 4.67% and 0.76%, respectively. The software, health care equipment and services, the materials, and the banks segments gained 28.3%, 16.3%, 2.39%, and 2.33%, respectively.