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Saudi small and mid caps rise by Tuesday
The Saudi Financial Market Indicators (TASI) increased by 0.51%, led primarily by small and medium-sized companies, especially in the technology, manufacturing, and financial services sectors. The share of Al-Kalthum Holding Company topped the gainers, rising by 9.48% to 1.27 riyals, with active trading totaling 20.39 million shares valued at more than 25.25 million riyals. Additionally, companies like Meranah and Packaging & Printing recorded significant increases of 6.72% and 6.66%, respectively, accompanied by high liquidity and large trading volumes. This contributed to strengthening the market and maintaining it above the 11,200-point level. Other stocks in the transportation and logistics sectors, such as Budget and Cisco, as well as pipes and utilities, also saw rises, with trading concentrated around two million shares or more. The market achieved gains of approximately 57 points, with notable activity and liquidity in the leading rising stocks.
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