By: Thabet Shehata
Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance in the week following Eid Al-Fitr holiday, continuing to rise for the second week in a row to hit the highest activity since late April.
The benchmark index rose by 2.49% or 161.77 points to close at 6,661.65 points this week as compared to the latest session before the holiday when it reached 6,499.88 points.
Tadawuls’ market cap surged by SAR 32.77 billion ($8.74 billion) to reach SAR 1.54 trillion ($409.9 billion) from SAR 1.5 trillion ($401.16) in the previous week.
The hotels sector topped the gainers by 7% followed by the all the sectors except for the cement sector which remained unchanged.
The banks sector gained 1.77% over the week, while the telecom sector rose by 1.34%.
On the blue chips level, Sabic levelled up by 2.43% to reach SAR 83.13 per share, Al Rajhi Bank gained 1.39% during the week to settle at SAR 59.25, and STC rose by 0.3% to SAR 64.58.
Over this week, Tadawul’s liquidity increased by 37% to SAR 21.15 billion ($5.64 billion) as compared to SAR 15.44 billion ($4.12 billion); the average trading value per session was SAR 4.2 billion.
Meanwhile, the market’s trading volume grew by 56.77% to reach 1.4 billion shares from 892.1 million a week ago; the average trading volume per session posted 279.7 million shares.
Translated by: Ingy ElSafy
