The Saudi Stock Exchange (Tadawul) ended Tuesday’s trading session on a positive performance, after its main Tadawul All Share Index (TASI) surged 91.32 points, or 1.1%, to 8,417.91 points, registering its highest level in about three years, or since 17 August 2015.
TASI’s trading volume reached 140.46 million shares on Tuesday, up from 124 million on Monday, while traded value increased to SAR 3.62 billion, from SAR 3.09 billion in the previous session.
The real estate management and development sector rose 2.1%, while the telecommunication services sector added 1.9%.
On the flipside, the commercial and professional services sector fell 1%, while the media sector edged down 0.4%.
Etihad Etisalat Co.’s (Mobily) stock led risers with 4.4%, whereas Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) stock was the worst performer with a fall of 2.8%.
Alinma Bank’s stock acquired TASI’s trading volume after 26.96 million shares were exchanged, while the Saudi Basic Industries Corporation’s (SABIC) stock posted the largest liquidity after generating a turnover of SAR 689.02 million.
In the meantime, the main index of the Nomu-Parallel Market, NOMU, levelled up 36.78 points, or 1.3%, to finish the mid-week session at 2,888.46 points.
The secondary market’s trading value slid to SAR 534,760 on Tuesday, from SAR 2.58 million on Monday, while traded volume hit 39,980 shares, down from 187,950.
The stock of Arab Sea Information System shed 0.2%, whereas Raydan Co’s stock topped gainers with a rise of 3.9%
Raydan Co’s stock dominated Nomu in terms of both trading volume and value after 25,510 shares were exchanged, generating a turnover of SAR 339,070.