The Saudi Stock Exchange saw a slight decrease in its main index, Tadawul All Share Index (TASI), by 0.24 percent to 12099.49 points at the end of Thursday’s trading. The total liquidity for the day was SR7.68 billion ($2 billion), with a volume of traded shares reaching 600 million. While 66 companies saw an increase in their share value, 158 companies experienced a decline in their shares.
In terms of individual stock performances, Saudi Aramco, the heaviest weight in the index, saw a decrease of 0.36 percent to SR27.55, with trades worth SR308.7 million. Other notable decreases included Al-Rajhi Bank shares falling by 0.34 percent to SR88.70, and Arabian Drilling and Aldrees shares recording losses of about 2 and 1 percent, at SR118 and SR126.4 respectively.
On the positive side, Cenomi Retail shares saw the biggest increase of about 10 percent, reaching SR11.04, after the board of directors recommended not to reduce capital and take several other measures. Sadarat shares also rose by about 10 percent to SR2.78, after the company’s general assembly approved the split of the nominal value of the share. In the banking sector, Al-Ahli Bank and Al-Awwal Bank shares rose by about one percent, at SR35.40 and SR34.90 respectively.
The Saudi Parallel Stock Index (Nomu) also experienced a decrease, falling by 177.69 points to close at 25,768.51 points, with trades worth SR39 million. The volume of traded shares on Nomu amounted to more than two million shares spread across 3,768 transactions.
Overall, the Saudi Stock Exchange’s performance on Thursday reflected a mixed bag of gains and losses among different companies and sectors. While some companies saw significant increases in their share values, others experienced declines. Investors will be closely monitoring market trends and company news to make informed decisions on their investments in the coming days.
