Saudi Stock Market Continues to Rise, TASI Index up for Fifth Consecutive Session

The Saudi stock market continued its gains at the end of trading today, Tuesday, so that the “TASI” index rose for the fifth consecutive session.

The main index of the Saudi stock market, “TASI”, increased by 0.91%, or 101.54 points, to close at 11265 points.

Financial market analyst Hamad Al-Olayan said that liquidity and the performance of the Saudi market triumphed over all cases of pessimism during the month of April, and it is a case that deserves study.

Olayan said in an interview with “Al-Arabiya” that this is an indication of upcoming rises, amid positive expectations of a strong performance of telecommunications and education companies.

Liquidity recorded a strong increase in today’s session, bringing the main market trading value to 6.29 billion riyals, through trading of about 214.6 million shares.

The shares of 148 companies increased in value, while the shares of 64 companies out of a total of 224 companies declined.

The shares of the companies: Tihama, Astra Industrial, Electrical Industries, Al-Othaim Markets, and Al-Abdul Latif were the highest gainers, with rates ranging between 7.67% and 5.94%. As for the shares of “MIS”, SABB, Jarir, Sadr, Tabuk Cement, the lowest by the end. Transactions, with rates ranging between 2.62% and 1.93%.

While the shares of Al Kathiri, Americana, Aramco, Zain Saudi Arabia, and “STC” were the most active in terms of quantity, and the shares of companies: SABIC, Aramco, “STC”, Al-Rajhi, and “SABIC Nutrients” were the most active in terms of value.