The Saudi Stock Exchange’s Tadawul All Share Index (TASI) closed Wednesday higher after jumping 0.61% or 49.73 points, reaching 8,146.13 points, to register its fifth rise in a row.
TASI’s trading volume stood at 242.73 million shares on Wednesday, up from 240.3 million shares on Tuesday, while liquidity increased to SAR 5.13 billion ($1.37 billion), from SAR 5.04 billion ($1.34 billion).
The utilities sector rose 1.62%, followed by banks with 1.38%, telecommunication services with 0.87%, and materials with 0.33%.
Rabigh Refining and Petrochemical’s (Petro Rabigh) stock was the bourse’s best performer, surging 7.91% to close at SAR 29.75, whereas National Shipping Company of Saudi Arabia’s (Bahri) stock tumbled 3.34%, reaching SAR 31.25.
Saudi Basic Industries Corp’s (SABIC) stock, down 1.55% to SAR 121, led in terms of traded value after generating SAR 585.3 million, whereas Dar Al Arkan Real Estate Development’s stock, down 1.24% to SAR 13.58, topped TASI’s trading volume after 27.46 million shares were exchanged.
In the meantime, the main index of the Nomu-Parallel Market, NOMU, levelled up 0.59% or 18.88 points to close at 3,192.39 points.
Development Works Food’s stock levelled up 10.20% to SAR 75.60, whereas Raydan Co’s stock dropped 5.66%, reaching SAR 16.