The Saudi Stock Market benchmark index, Tadawul Share Index (TASI), closed out the week’s trading session with a 0.65 percent increase. This boost was largely driven by gains in the shares of companies like Saudi Aramco and Al Rajhi Bank. The index gained 66.89 points, finishing at 11,994 points on Thursday. The volume of trading reached SR5.8 billion. Saudi Aramco saw a 0.37 percent increase, closing at SR27.5, while Al Rajhi Bank’s stock rose by 1.67 percent, closing at SR85.40. ACWA Power, on the other hand, saw a decrease of 1.92 percent, reaching SR480. Almajid Al-Oud emerged as the most active company by value, climbing 1.82 percent to SR168.
In terms of most rising companies, Bahr Al-Arab, Al-Aseel, and Al Baha companies secured the top three spots with growth rates of 9.90, 9.09, and 7.69 percent respectively. However, Herfy Foods stock recorded a decline of 4.11 percent to SR26.80, while Arab Mills stock fell by 2.07 percent to close at SR61.50. The Saudi Parallel Stock Market (Nomu) also saw a positive trend, with the index rising by 69.81 points to close at 24,522 points. Trading amounted to SR45 million, with a volume of traded shares at 3 million.
Investors in the Saudi Stock Market had a positive week of trading, with TASI seeing a 0.65 percent increase. Companies like Saudi Aramco and Al Rajhi Bank led the charge with their stock prices rising. Saudi Aramco’s shares rose by 0.37 percent, closing at SR27.5, whereas Al Rajhi Bank saw a 1.67 percent increase, closing at SR85.40. Despite these gains, ACWA Power experienced a decline of 1.92 percent, reaching SR480. The most active companies by value were Almajid Al-Oud, Saudi Aramco, and Maaden, with Almajid Al-Oud leading the pack with a 1.82 percent increase to SR168.
On the flip side, Herfy Foods and Arab Mills stocks saw declines of 4.11 percent and 2.07 percent respectively. However, the most rising companies were Bahr Al-Arab, Al-Aseel, and Al Baha companies, with growth rates of 9.90, 9.09, and 7.69 percent. The positive momentum extended to the Saudi Parallel Stock Market (Nomu), with the index rising by 69.81 points to close at 24,522 points. Trading volume amounted to SR45 million, with 3 million shares traded.
In conclusion, the Saudi Stock Market witnessed a successful week of trading, with TASI closing the session up by 0.65 percent. The increase was fueled by rising stock prices of companies like Saudi Aramco and Al Rajhi Bank. Despite some fluctuations, the market showed overall growth, with companies like Almajid Al-Oud leading the way. The positive trend also extended to the Saudi Parallel Stock Market (Nomu), which saw an increase in its index. With strong performances from various companies, investors can look forward to continued activity in the Saudi Stock Market.
