By: Thabet Shehata
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance on the 4th week of October, achieving its highest weekly gains since the end of January.
Tadawul All Share Index (TASI) added 5.03% or 284.5 points and closed at the level of 5,936.3 points compared to its level at the end of last week at 5,651.8 points.
The main index gains come as it closed in the green zone on all of the week’s sessions, with the first session of the week seeing the highest gain at 1.56%.
Market cap went up by SAR 60.53 billion ($16.14 billion) to a total of SAR 1.406 trillion ($374.83 billion) compared to SAR 1.345 trillion (358.69 billion) last week.
As for the sectors performance, it all closed in green, led by banks which surged by 8.2%, as Al-Rajhi and Al-Ahli went up by 4.8% and 14.41%, closing at SAR 56.06, and SAR 40.34 respectively.
Petrochem added 1.8% on the back of SABIC which added 2.05% and closed at SAR 85.55, while SAFCO slipped 0.99% to SAR 62.25.
The Telecom sector gained 5%, as STC added 5.54% to SAR 57.93, while Mobily and Zain rose by 2.35% and 7.51% respectively.
Traded values grew 20.86% this week to a total of SAR 16.12 billion ($4.3 billion) compared to SAR 13.34 billion ($3.56 billion) last week, with an average turnover of SAR 3.2 billion per session.
Similarly, total traded volumes increased by 31.2% to 1.19 billion shares from 909.4 million shares in the week ended 20 October, raising the average volume per session to 238.8 million shares.
Arabia Insurance Cooperative led the gainers this week and surged 15.84% to SAR 9.36, while Takween saw the biggest loss as it dropped 8.74% to SAR 10.44.
Translated by: Moslem Ali
