Bank, property and Aramco shares boost TASI by 0.77 per cent

Bank, property and Aramco shares boost TASI by 0.77 per cent
Short Url
Updated 05 October 2021

Bank, property and Aramco shares boost TASI by 0.77 per cent

Bank, property and Aramco shares boost TASI by 0.77 per cent

Riyadh: The Saudi stock market ended the Tuesday session up 88.62 points, or 0.77 percent, closing at a high of 11555.53 points — a level not seen since January 2008.

Liquidity amounted to SR7.6 billion, with shares in Aramco, Al-Rajhi Bank, and NCB accounting for the majority of trades.

Some 199 million shares changed hands, in 308 thousand deals.

The biggest gainers were Al-Rajhi Bank by 2.2 percent, which hit its highest level since April 2006, followed by Aramco by 1.8 percent, hitting its highest level in two years, due to the continued rise in oil prices.

The parallel Nomu index rose 67.36 points, or 0.28 percent, closing at 23,714.86 points.

Its liquidity amounted to about SR35.3 million, with 362.3 thousand shares traded, in 1,378 deals.

Shares of 61 companies made gains, led by Jadwa Reit Saudi, by 4.2 percent — after the property fund announced a SR 0.2 dividend for its shareholders — followed by Sipchem, by 4 percent, SIIG and Seera by more than 2.6 percent each.

Some 128 companies' stocks were down, led by UCA 4 percent,  Enaya 2.8 percent.