Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed January 2021 on a positive note while the market's sectors ended the month mixed and the market cap value fell, pressured by Saudi Aramco’s losses.
The Tadawul All Share Index (TASI) levelled up by 0.15% in January, adding 13 points, to stand at the level of 8,702.55 points, compared with 8,689.53 points a month earlier.
Market cap value tumbled by SAR 51 billion last month, with the market capital declining to SAR 9.05 trillion, from SAR 9.1 trillion in December 2020.
Meanwhile, the telecommunication services and materials sectors grew by 4.38% and 1.7%, respectively, whereas banks and energy dropped by 0.41% and 1.16%, respectively. Saudi Aramco’s stock went down by 1% during the past month.
The market’s turnover declined to SAR 160.8 billion in January, a monthly drop of 36.5%, whilst the trading volume stood at 4.75 billion shares, down from 8.3 billion in the previous month.
As for the parallel market, the Nomu-Parallel Market Capped Index (NomuC) closed last month down by 4.21%, losing 1,105.87 points, to 25,139.59 points.
Turnover rose to SAR 1 billion approximately, compared with SAR 994.9 million in December, whereas the trading volume plunged to 7.12 million shares from 9.74 million.
