Saudi Gazette report
RIYADH — All Tadawul Share Index (TASI), the benchmark Saudi inventory market index, rose for the fifth consecutive session on Sunday, rising almost one p.c (134.37 factors) to shut at 11,202 factors, its highest stage since Could 21.
The entire worth of traded shares amounted to SR5 billion. The Saudi Parallel Market Index (NOMU) additionally closed greater, gaining 195.03 factors to settle at 27,248.13 factors, with a complete buying and selling worth of SR39 million.
The Saudi market was capable of regain ranges seen earlier than the outbreak of Iranian-Israeli battle. This was supported by broad positive factors throughout most sectors, apart from the utilities sector, which recorded a slight decline. Most Gulf markets registered positive factors throughout Sunday’s buying and selling session, pushed by improved regional sentiment.
The general public utilities and shopper items retail and distribution sectors recorded a decline of 0.09 p.c and 0.02 p.c, respectively, whereas the media and leisure sector led the gainers, growing by 7.5 p.c. Primary supplies was the very best traded sector, with a worth of SR780 million.
Within the transportation sector, the shares of newly listed Flynas returned to SR80, the identical providing value, whereas Saudi Aramco’s shares stabilized at SR24.24, regardless of a slight enhance in oil costs.
Naseej Worldwide Buying and selling shares rose 9 p.c, their strongest achieve in 14 weeks, whereas Sadaq led the gainers with a ten p.c rise to SR30. Sinomi Retail shares got here in third place when it comes to gainers, leaping almost 9 p.c to SR22.39, persevering with its optimistic efficiency over the previous three months, throughout which it recorded positive factors of almost 150 p.c.
Buyers are awaiting the final meeting assembly of ACWA Energy, an organization included within the utilities index, on Monday, the place a vote might be held on a proposal to double the corporate’s capital to SR14 billion.
Throughout the remainder of the Gulf markets, most inventory exchanges recorded various positive factors. The Kuwait Inventory Alternate index rose 1.75 p.c, adopted by Bahrain with a 0.85 p.c enhance, and Qatar with a 0.78 p.c rise. In the meantime, the Muscat Securities Market bucked the pattern, declining barely by 0.15 p.c.