The Saudi Stock Exchange main index, Tadawul All Share Index (TASI), experienced a slight increase on Tuesday, with a rise of 12.9 points to close at 12,180 points. The trading value was SR7 billion ($1.86 billion). The highest gainers for the day were Al-Asmak, Al-Baha, and Savola companies, with increases of 9.91 percent, 8.33 percent, and 6.72 percent respectively. On the other hand, Eastern Pipes, Zamil Industrial, and Red Sea companies experienced the lowest trading rates for the day.
In terms of active companies based on value, Al Rajhi Bank stock emerged at the top, with a 1.14 percent increase closing at SR88.50. Following closely was Saudi Aramco stock, which remained unchanged from the previous day at SR27.90, and then Savola Group. In terms of volume, Al-Baha emerged at the top with an 8.33 percent increase, followed by Shams and Anaam Holding. The final offering price of the Saudi company Almajed for Oud was set at a maximum price of SR94, following approval of the offering process by the Saudi Capital Market Authority last June.
Almajed for Oud had announced its intention to offer 7.5 million shares for public subscription, equivalent to 30 percent of its capital, with 20 percent of the shares allocated to individual investors. Meanwhile, the Saudi parallel stock index (Nomu) closed down 153.15 points, reaching 26,044 points with trades valued at SR36 million ($9.6 million) and a volume of traded shares reaching two million. The stock market in Saudi Arabia continues to be active, with various companies experiencing gains and losses on a daily basis.
Investors in the Saudi Stock Exchange are closely monitoring the performance of various companies, with some companies experiencing significant gains while others are seeing a decline in their trading rates. The Saudi Stock Exchange remains a key player in the region, with a large number of active traders and significant trading volumes on a daily basis.
Overall, the Saudi Stock Exchange main index, Tadawul All Share Index (TASI), reflects the overall performance of the stock market in Saudi Arabia. Investors continue to show interest in various companies listed on the exchange, with some companies attracting more attention due to their performance and potential for growth. The stock market in Saudi Arabia remains an important platform for companies to raise capital and for investors to potentially grow their wealth through stock trading.
In conclusion, the Saudi Stock Exchange main index, Tadawul All Share Index (TASI), experienced a slight increase on Tuesday, with a rise of 12.9 points. Various companies were actively traded, with some experiencing gains and others facing losses. The market continues to be dynamic, with investors closely monitoring the performance of different companies. The stock market in Saudi Arabia remains a key player in the region, offering opportunities for companies to raise capital and for investors to potentially grow their wealth through stock trading.
