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  • 04-01-23

    TASi closes Tuesday’s session on higher note surging 82 points

    (MENAFN) Saudi Arabia’s main index dialed surging 82.60 points — or 0.78 percent — to end standing at 10,660.94 on Tuesday, as the month on month Purchasing Managers’ Index from Riyad Bank showed in a report a massive request regain and most powerful job expansion in nearly five years.

    Tadawul All Share Index’s overall exchange turnover also rose to SR3.88 billion (USD1.03 billion) from Monday’s SR3.67 billion. The market witnessed 162 of the recorded 223 companies increase, whereas 44 lagged.

    “Saudi market witnessed gains for the third consecutive day resulting in a year-to-date gain of 1.7 percent in 2023 as it saw positive returns for the bulk of the sectors after the monthly PMI survey report,” Junaid Ansari, chief of investment plan and research at Kamco Invest, informed Arab News.

    The sectoral pulse on Tuesday also revved up earnings, as 19 of the 21 indices were northbound. The highest gainer was the Food & Staples Retailing Index, which gained 112.15 points to end standing at 8,802.64.

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