Riyadh - Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) rose at Thursday’s close following reports over a potential merger between Samba Financial Group and the Saudi National Commercial Bank (NCB) for $13 billion.
An official announcement was made later today by the two banks confirming the news.
The Tadawul All Share Index (TASI) inched up by 0.26% or 18.98 points to close at 7,232.34 points.
The banks sector headed the winners with 1.15%, whereas the telecommunication services topped the losers with 0.43%.
A total of 223.5 million shares were exchanged today at a turnover of SAR 4.30 billion through 218,570 deals.
Dar Alarkan Real Estate was the most actively traded stock via the exchange of 37 million shares, while Al Rajhi Bank posted the largest turnover of SAR 302.61 million.
The National Company for Learning and Education (NCLE) came on top of the green zone with 9.94%, whereas Savola Group led the red zone with 3.12%.
