By: Bedour Alraee
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading session in gains, on the back of rising market sectors.
The Tadawul All Share Index (TASI) rose by 0.55% or 43.73 points and closed at 8,049.50 points.
Traded volumes reached 194.839 million shares, with a total value of SAR 5.702 billion, exchanged through 176,971 transactions.
Newly-listed Aramco continued to be the most actively traded stock with 81.28 million shares and a turnover of SAR 3.02 billion. The oil giant’s stock closed at SAR 37.4, adding 1.63% and logging its third consecutive rise since it started listing and trading last Wednesday.
As for the market sector indices, the energy index levelled up by 2.01%, followed by telecom with 1.59%, and materials with 0.35%, respectively.
Tadawul is maintaining the upward trend for the short run, financial consultant Muhammad Al Shamimary told Mubasher, noting that keeping the 8,000-point level could help the benchmark index further continue the rising trend.
Bonus or cash dividends announcements would help attract liquidity to stocks other than Aramco, with a number of blue chips expected to announce dividends soon, such as SABIC, STC, and some bank, the analyst noted.
Alinma Bank announced today that its board of directors has recommended during the latest extraordinary general assembly meeting (EGM) to raise capital by 33.3% to SAR 20 billion, through the distribution of bonus shares.
Accordingly, Alinma was the second biggest gainer at Sunday’s close, rising by 6.5%, following only Tabuk that increased by 8.55%.
On the other hand, ANB, Alujain, and SSP were the top losers, dropping 3.69%, 2.7%, and 2.3%, respectively.
Meanwhile, the main index of the parallel market (Nomu) surged 10.68% to 7,060.76 points.
