Banking sector drives Saudi liquidity

The Saudi Financial Market Index (TASI) closed up by 0.72%, ending at 10,775.46 points, with a total trading volume of 3.777 billion riyals. The banking sector led the rally strongly, with the shares of Al Rajhi Bank dominating trading at a value of 362.75 million riyals, and the shares of the Saudi National Bank increasing by 2.84% to 39.9 riyals. Despite a decline of 0.45% in Aramco’s stock, the Basic Materials and Energy sectors showed notable activity, with Metals’s share rising by 3.08% and SABIC’s by 2.20%. Additionally, the Petro Rabigh stock increased by 1.04%, and Al Jazira Bank’s stock saw a significant rise of 4.09%.

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