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FinancialNews


  • 29-12-22

    TASI ends Wednesday with gains recording its second consecutive gaining day

    (MENAFN) Saudi Arabia’s Tadawul All Share Index earned 126.03 points — or 1.28 percent — on Wednesday, to finish standing at 10,485.29, representing renewed enthusiasm in investor sentiment for the second consecutive day.

    The overall exchange turnover of the benchmark index added 29 percent to reach SR4.46 billion (USD1.18 billion) from Tuesday’s SR3.45 billion. Whereas 109 of the 223 registered shares surged, 95 dropped.

    “Saudi market reported a second consecutive day of healthy gains backed by a broad-based rally, with 16 out of 21 sectors in the green,” Junaid Ansari, chief of investment strategy and research at Kamco Invest, informed Arab News.

    A lot of the firepower came from large-limit sectors including materials, banks, as well as energy, which climbed 2.01 percent, 1.5 percent, as well as 0.60 percent, individually.

    Stock markets in the Gulf Cooperation Council area, apart from Dubai, were northbound in comparison with the international markets, which reduce short on Tuesday’s rally following increasing infections in China reduced the spirits added by its plan to scrap quarantine sanctions for inbound travelers starting from January.

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