TASI closes the week higher thanks to energy and banking sectors

Saudi Gazette report

RIYADH — The Saudi Stock Market benchmark index, All Tadawul Share Index (TASI), ended the week’s trading up by 0.65 percent, driven by the rise in most companies’ shares, led by Saudi Aramco and Al Rajhi Bank.

The index gained 66.89 points, closing at 11,994 points on Thursday. The volume of trading amounted to SR5.8 billion.

The Saudi Aramco share rose by 0.37 percent, to SR27.5, while the stock of Al Rajhi increased by 1.67 percent, closing at SR85.40. As for ACWA Power’s share, it declined by 1.92 percent, reaching SR480. Almajid Al-Oud stock topped the list of the most active companies by value, rising 1.82 percent to SR168, followed by Saudi Aramco and Maaden stocks, up 0.37 and 3.71 percent respectively.

As for the most rising companies, Bahr Al-Arab, Al-Aseel and Al Baha companies took the first three places, with rates of 9.90, 9.09 and 7.69 percent respectively.

On the other hand, Herfy Foods stock recorded a decline of 4.11 percent to SR26.80, and the Arab Mills stock fell by 2.07 percent to close at SR61.50. On the other hand, the Saudi Parallel Stock Market (Nomu) index rose 69.81 points, closing at 24,522 points, with trading amounting to SR45 million, and the volume of traded shares amounted to 3 million.