TASI Index Returns to Gains, Supported by Communications and Basic Materials… Amid Declining Liquidity

RIYADH – Mubasher: The Saudi stock market ended Thursday's session in the green, regaining its gains, supported by the communications and basic materials sectors, amid a slump in liquidity from the previous session.

The general market index, TASI, rose 0.29%, up 36.37 points, to 12,502.35 points.

Trading values ​​fell to 8.2 billion riyals compared to 9.56 billion riyals in the previous session, and volume fell to 311.28 million shares at the end of yesterday's session compared to about 367.3 million shares traded on Wednesday.

10 sectors closed in the green, led by Utilities, which rose 2.74%, Communications rose 1.85%, and Basic Materials posted a 0.4% increase.

Other sectors saw negative performance, with the media and entertainment sector leading the losers after falling 1.94%, the energy sector down 0.17%, and the banking sector saw a marginal decline of 0.07%.

In terms of stock performance, there were 130 stocks led by “Amiantid” stocks, which closed with 90 stocks in the red with an increase of 7.69%, led by “Gulf Practice” stocks, which declined by 5.27%.

“Al Rajhi” shares recorded the highest trading value of 474.81 million Riyals, and the highest volumes were for “Anam Holding” shares, with a trading volume of around 20 million shares.

The parallel market saw a significant increase at the end of Thursday's session, with the (maximum growth) index closing up 1.16%, equivalent to 305.77 points, bringing it to a level of 26,707.68 points.

The general index of the Saudi market, “TASI”, recorded a decline of 0.28% at the end of yesterday's session, on Wednesday, to continue its second consecutive decline, in light of the decline of 3 sectors led by the banking sector.

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