The Saudi Stock Exchange's general index, TASI, recorded a slight decline during its weekly trading, declining for the second week in a row, under pressure from the decline in the banking and communications sectors, ignoring the increases in the energy and basic materials sectors, amid an increase in liquidity.
The Saudi Stock Exchange's main market index fell by 0.42% during the week ending March 7, 2024, to close at 12,577.88 points, compared to the previous week's closing at 12,630.86 points.
At the level of the market value of the shares listed on the main market of Tadawul, it witnessed a slight increase during the current week ending on March 7 by 0.5% compared to the previous week.
The market value of the Saudi market, at the level of the main market for stocks listed on the TASI index, reached 11.193 trillion riyals ($2.984 trillion), compared to 11.191 trillion riyals ($2.981 trillion), during the week ending February 29, 2024, with the market value increasing by 2 billion riyals ($532 million).
In terms of the performance of sectors during the week, the decline of 8 sectors pressured the index, most notably the banking sector, which declined by 2.83%. The performance of the communications sector also declined by about 2.51%, and the pharmaceutical sector was the most declining by about 3.31%.
On the other hand, the performance of 13 sectors increased, most notably the basic materials sector, which rose by about 0.27%, while the energy sector increased by about 0.06%, while the public utilities sector led the increases by about 7.58%.
The value of weekly trading increased by 4.60% to 46.6 billion riyals, compared to 44.55 billion riyals in the previous week.
The volume of shares traded decreased by about 18.64% to 1.92 billion shares, compared to 2.36 billion shares in the previous week.
Al Rajhi Takaful stock was the top gainer during the week, increasing by 28.22% to close at 108.60 riyals, while Zain Saudi stock led the losses by 13.42% to close at 12.9 riyals.
SAL stock was the most active stock during the week in terms of trading value, amounting to 2.23 billion riyals, while Anaam Holding topped the most traded stocks in terms of volume, amounting to 120.01 million shares.
Aramco's share performance rose by about 0.16%, to 31.75 riyals, through trading of 51.47 million shares worth 1.62 billion riyals, bringing the market value of the share to 7.68 trillion riyals.
