TASI tends to calm down at levels of 12,600 points, and small companies eat up half of the liquidity

TASI tends to calm down at levels of 12,600 points, and small companies eat up half of the liquidity

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The TASI index rose for the second session, closing at 12,611 points, with slight gains amounting to nine points, equivalent to 0.08%, supported by small companies whose index rose by 1.3%, as they captured half of the liquidity, while medium companies achieved lower performance, while large companies declined.
The market tends towards calming down at the levels of 12,600 points that it has been trading around for a week after achieving the longest series of rises, which makes the market await new data that will push valuations higher to exceed the current levels.
From a technical standpoint, consolidation at 12,600 points maintains chances of a continuation of the rise, and without that, the market may prefer to sell to take profits after a long series of rises.

Overall market performance

The TASI index opened at 12,594 points, and recorded the highest point at 12,612 points, gaining 0.09%, while the lowest was at 12,572 points, losing 0.23%. At the end of the session, it closed at 12,611 points, gaining nine points, about 0.08%. Liquidity increased 13% by about 951 million to reach 8.4 billion riyals, while traded shares increased 6% by 28 million shares to reach 490 million traded shares. As for transactions, they increased by 4% by about 21 thousand shares, reaching 528 thousand transactions.

Sector performance

Six sectors declined compared to the rise in the rest. The decline was led by “Insurance” by about 0.95%, followed by “Banks” by 0.48%, and “Pharmaceuticals” came third by 0.20%, while the rise was led by “Media and Entertainment” by 2.49%, then “Retail and Distribution of Consumer Goods.” ” by 2.3%, and “retail and distribution of luxury goods” came in third place with 1.87%.
The highest turnover was the basic materials sector, at about 19%, with a value of 1.6 billion riyals, followed by “banks,” 10%, representing 827 million riyals, and “food production,” coming third, at 6%, with about 554 million riyals.

Stock performance

The shares that rose the most were “Avalon Pharma” by about 29.83%, reaching 138.40 riyals, followed by “fish” by 9.86%, reaching 27.40 riyals, and “Halwani Brothers” came third, with 8.26%, closing at 57.70 riyals. On the other hand, the stocks that declined the most were “Amiantit” by 3.18% to close at 28.90 riyals, followed by “Bupa Arabia” by 2.32% to 227.40 riyals, and “Al-Babtain” came third by 1.86% to close at 34.25 riyals.
The highest turnover was “Saudi Pipes” stock with a value of 295 million riyals, followed by “Al Rajhi” with about 269 million riyals, and “Al-Munajem” came third with 267 million riyals.

Parallel market performance

The “Nomu” index rose 37 points, or about 0.14%, to close at 26,292 points. Trading value decreased by 53%, equivalent to 49 million to 43 million riyals, while traded shares decreased by 17%, by 509 thousand shares, to reach 2.5 million traded shares. As for transactions, they amounted to 3,833 thousand transactions, with 527 transactions declining by 12%.
The shares that rose the most were led by “Administrations” by about 9.3%, reaching 530 riyals, followed by “Al-Qimam” by 8%, reaching 97 riyals, and “Baladi” stock came third, with 7.4%, closing at 188 riyals. On the other hand, the stocks that declined the most were “Tadweer” by 8.7% to close at 11.60 riyals, followed by “Mayar” by 4.6% to 4.10 riyals, and “Ladon” came third by 4.2% to close at 5.93 riyals.
The highest turnover was “Riyadh Steel” with a value of 6.3 million riyals, then “Raoum” with 4.6 million riyals, and “Baladi” came third with 3.6 million riyals.

Financial analysis unit

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