Banking drives TASI up 0.23%
The Saudi Stock Market Index "TASI" closed today with a gain of 0.23%, ending at 10,742 points, primarily supported by the banking sector, which rose by 1.22% due to positive financial results and cash dividends from banks. Shares of 78 companies increased, while 179 companies declined, and 13 remained unchanged. The market traded with a value of approximately 3.96 billion riyals, with a trading volume of 239.72 million shares. Among the stocks that saw gains, Masar’s share increased by 5.22% and Madinah Knowledge's share rose by 4.77% after the company signed a development agreement. The most decliner stocks were SAL, down by 5.41%, and Bawan, down by 4.95%. The market saw several important financial disclosures and record-breaking figures, including stocks reaching their lowest levels in 52 weeks.
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