Saudi TASI raises its gains by 2.62% – Saudi Gazette

Saudi TASI raises its gains by 2.62% – Saudi Gazette

Saudi Gazette report

RIYADH — The Saudi stock market index recovered to the green zone in early trading from Tuesday’s session, and the main index Tadawul All Share Index (TASI), rose at the middle of the session by 2.62 percent, equivalent to 263.09 points, to reach the level of 10296.28 points, recovering from its lowest level in 20 months.

The value of trading amounted to about SR2.81 billion, through the circulation of about 281.19 million shares. The prices of 195 shares increased, compared to a decline of 15 shares out of a total of 220 listed companies.

Americana stock is the topper among the gainers. Values and trading volumes in its second trading rose 14.23 percent at a price of SR3.13, with a trading value of about SR667.96 million and a trading volume of about 227.25 million shares.

Saudi Aramco’s share rose by 2.81 percent, at a price of SR31.1, with a trading value of about SR128.5 million and a trading volume of about 4.18 million shares. The market rally came as oil prices continued to rise, which is a major catalyst for the Saudi market.

Oil extended its gains on Tuesday, with the continued closure of a major pipeline carrying resources to the United