RIYADH: The Saudi stock index “TASI” ended trading on Wednesday with an increase of 41.31 points, or 0.36 percent, and closed at 11,455.65 points, the highest level again since Jan. 15, 2008.
The parallel market index “Nomu” increased 433.59 points, or 1.71 percent. It closed at 25,790.33 points, after 1881 trades.
Today, liquidity in the main market “TASI” amounted to about SR6.8 billion, 174.3 million shares were traded, through 278.5 thousand trades.
The shares of 68 companies rose while 120 companies declined.
Eleven of the 21 market sectors increased, led by commercial and professional services 1.6 percent, banking 0.9 percent, and long-term commodities 0.7 percent.
While medicines fell 1.7 percent, capital goods 0.8 percent, and media, entertainment and public utilities 0.7 percent.
Faiz Alhomrani, a financial market analyst, told Arab News that the technical patterns formed in the general index were positive.
He said the banking sector had the most influence on the market.
“As for the stocks that played a greater role in supporting the index, included Al-Rajhi Bank, Alinmaa Bank and Al-Ahly Bank. We also noticed support from the petrochemical sector.
He said stocks and medium companies also performed well.
The biggest gainers on Wednesday were: Burgerizzr shares 29.9 percent, Shams 5.1 percent, National Building and Marketing 4.6 percent, Fitaihi 3.7 percent, Al Baha 3.1 percent, Ma’aden 2.9 percent, and Catering 2.8 percent.
The biggest losers were: Textile share 2.7 percent, Canadian Medical Center 2.6 percent, Jadwa REIT Saudi, C