8 Hrs
Source:
الاقتصادية
TAHI exceeds 10,800 on energy and utilities
The Saudi stock market rose for the second consecutive session, mainly supported by gains in the energy and utilities sectors, despite pressure from the banking and basic materials sectors. The Tadawul Index closed at 10,804 points, up by 0.3%, surpassing the 10,800-point level, with total trading value reaching 4 billion riyals, an increase of 7%. The market saw an increase in the stock prices of 130 companies against a decline in 121, maintaining a positive trend amid a decrease in trading volume compared to the previous session. The end at the peak reflects increased demand at the close despite early pressures. The capital goods sector led the gains with a rise of 4.1%, led by "Electrical Industries," while the energy sector increased by 1% thanks to "Aramco Saudi Arabia." Conversely, the banking sector declined by 0.3%, with "Al Rajhi" and "Al Ahli" falling, and the basic materials sector decreased by 0.5% due to declines in "SABIC" and "Yansab."
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