Saudi stock market edges up; tech shares take lead

Saudi stock market edges up; tech shares take lead
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Updated 16 September 2021 01:38
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Saudi stock market edges up; tech shares take lead

Saudi stock market edges up; tech shares take lead
  • The total turnover in the market reached SR6.9 billion in Tadawul

RIYADH: The Saudi stock index “TASI” closed higher by 0.33 percent with an increase of 37.8 points on Wednesday.

The parallel market “Nomu” dipped by 56.39 points or 0.22 percent, and closed at 25,558.44 points.

The liquidity in Nomu amounted to about SR54.4 million, and 448,000 shares were traded through 1,989 deals.

The total turnover in the market reached SR6.9 billion in Tadawul.

Stocks of applications and technology services led the market and shares of this sector increased by 1.6 percent followed by public utilities (1.4 percent), basic materials (1.3 percent) and media and entertainment (0.7 percent). Rest of the sectors experienced a decline with the insurance sector shares dipping the most by 0.9 percent.

The biggest gainers were: Al Nakoul (12.9 percent), and Gasco (5.1 percent), Chemanol (4.7 percent), SABIC Agri-nutrients (4.5 percent), Arab Sea (3.1 percent), Red Sea and Canadian Medical Center (2.9 percent).

The biggest losers included National Building and Marketing (4.7 percent), Al Akaria (4.2 percent), Metaliyah (2.2 percent), Jabal Omar (2 percent), and Nadec and Buba (1.9 percent each).