The Tadawul All Share Index (TASI), the benchmark index of the Saudi Stock Exchange, increased by 27 points (0.22 percent) at the end of Tuesday’s session to 12,253 points. Following two days of loss, the market showed cohesion near the 12,240 point support level. The total revenue was around 6.4 billion SR. By the end of the third quarter of 2024, the main index had increased by nearly 550 points, or 4.7%.
Trading values dropped 26% to SR6.4 billion, with small businesses receiving most of the value and medium-sized businesses receiving the least. The index performed better, rising by 0.6 percent. Less than 1% was gained by the stocks of Saudi Aramco and Al-Rajhi Bank, reaching SR27.20 and SR87.40, respectively.
The largest gainer was Al-Baha, which increased by 9% to SR0.24 on 320 million shares traded. The shareholders approved the purchase of a 13.04 percent interest in the company’s subsidiary, Elegant Centres.
The shares of Tadawul Group, NCLE, ADES, Arab Sea, Zoujaj, and Anaam Holding increased by 3 percent to 5 percent.
Financial services led the rising sectors by 2.5 percent, while public utilities led the declining sectors by 1.5 percent. The least traded sector was “basic materials,” with a value of SR1.1 billion. Six sectors saw a decline while the others saw increases.
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