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TASI opens higher on banking support

TASI opens higher on banking support

In preparation for the opening of the Saudi Stock Market trading session, the TASI index started Monday's session with a slight increase of 0.14%, equivalent to 15.84 points, reaching a level of 11,084.49 points. Trading volumes amounted to approximately 471.68 million Riyals through 31.16 million shares, with gains mainly concentrated in the pharmaceuticals sector by 0.58% and the banking sector by 0.41%. Al Koutly’s stock was the top riser, increasing by 6.56% following the announcement of financial results and an updated recommendation to reduce capital, while the Services Sector’s stock declined by 4.23% after signing an agreement with Swissport Saudi to terminate their work with the Saudi Services Company. Al Rajhi Bank accounted for the highest liquidity, with transactions totaling 86.72 million Riyals. The trading volume of Al Koutly’s stock reached 12.09 million shares, and Mena Facilities (Maraqeeb) stock hit a 52-week high of 45.76 Riyals.

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