“TASI” consolidates its gains for the 9th session above the levels of 12,400 points and liquidity at 11.4 billion riyals

“TASI” consolidates its gains for the 9th session above the levels of 12,400 points and liquidity at 11.4 billion riyals


The TASI index strengthened its rise for the ninth session with gains of 108 points to remain at its highest levels since August 2022, closing at 12,404 points, or about 0.88%. The rise was accompanied by an improvement in liquidity to remain at its highest levels since May at a value of 11.5 billion riyals, but liquidity growth slowed significantly to reach 4% compared to 39% in the previous session. Most stocks were able to participate in the positive performance, unlike the previous session when most companies were declining.
After the market closed, inflation data in the United States appeared higher than expectations, which reduces expectations of lowering interest rates soon, which negatively affects dealer morale, especially since the positive movements that the markets enjoyed during the past few months were driven by expectations of lowering interest rates in The first half of this year.
From a technical standpoint, the market is based on 12344 as support points, and continuing to maintain them keeps the chances of the market reaching at least 12510 levels.

Overall market performance

The TASI index opened at 12,299 points, and recorded the highest point at 12,413, gaining 0.95%. At the end of the session, it closed at 12,404 points, gaining 108 points, about 0.88%. Liquidity increased 4% by about 458 million to reach 11.5 billion riyals, while traded shares increased 3% by ten million to reach 388 million traded shares. As for transactions, they increased by 2% by about 15 thousand shares, reaching 655 thousand transactions

Sector performance

Eight sectors declined compared to the rise in the rest, and the rise was led by “Energy” by about 2.6%, followed by “Financial Services” by 2.5%, and in third place was “Banks” by 1.53%, while the decline was led by “Capital Goods” by 1.33%, then “Media and Entertainment.” by 1.22%, and “commercial and professional services” came third with 1.16%.
The highest turnover was the energy sector, at about 16%, with a value of 1.8 billion riyals, followed by “banks”, 13%, representing 1.5 billion riyals, and “basic materials” coming third, 12%, with about 1.4 billion riyals.

Stock performance

The shares that rose the most were “Tanmia” by about 9.89% to reach 122.20 riyals, followed by “Salama” by 8.70% to reach 26.85 riyals, and “Al-Baha” came third with 7.14%, closing at 0.15 riyals.
On the other hand, the stocks that declined the most were “Lumi” by 5.13% to close at 114.60 riyals, followed by “Atheeb” by 3.96% to 80.10 riyals, and “Riyadh Cables” came third by 3.87% to close at 114.40 riyals.
The highest turnover was “Aramco” stock, with a value of one billion riyals, followed by “SAL” with about 922 million riyals, and “Al Rajhi” came third with 476 million riyals.

Parallel market performance

The “Nomu” index rose 73 points, or about 0.29%, to close at 25,378 points. Trading value increased by 8%, equivalent to 2.4 million to 33.2 million riyals, while traded shares rose 36%, by 490,000, to reach 1.8 million traded shares. As for deals, they amounted to 2,447,000 deals, with 442 deals declining by 15%.
The shares that rose the most were led by “Al-Rashed Industrial” by about 6%, reaching 35 riyals, followed by “Mobi Industries” by 4.9%, to reach 10.28 riyals, and “Riyadh Steel” came third, with 4.8%, closing at 23.56 riyals.
On the other hand, the shares that declined the most were “Baladi” by 8.66% to close at 143.40 riyals, followed by “Learning Academy” by 6.53% to 8.88 riyals, and “National Construction and Marketing” came third by 5.42% to close at 262 riyals.
The highest turnover was “Azm” with a value of 8.6 million riyals, then “Jahiz” with 7.1 million riyals, and “Learning Academy” came third with a value of two million riyals.

Financial analysis unit

--------------------

This news article has been translated from the original language to English by WorldsNewsNow.com.

You can visit the original source at the link below.



Original Source Link