|13 December, 2019

Saudi TASI’s liquidity grows 399% in week led by Aramco’s market cap

Tadawul’s capitalisation ended the week at $2.46trln

A Saudi man looks at the computer showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019.

A Saudi man looks at the computer showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019.

REUTERS/Ahmed Yosri

Riyadh –  Oil giant Saudi Arabian Oil Company’s (Saudi Aramco) market capitalisation grew to SAR 7.38 trillion ($1.97 trillion) by the end of the week, leading the broader Saudi Stock Exchange’s (Tadawul) capitalisation to expand by 339% week-on-week.

Tadawul’s capitalisation ended the week at SAR 9.23 trillion ($2.46 trillion), compared with SAR 1.85 trillion ($493.26 billion) in the preceding week.

Aramco’s shares, which started trading last Wednesday, led the energy sector’s gains, rising by 3.28% by the end of the week.

Tadawul All-Share Index (TASI) rose by 1.27% week-on-week or 100.26 points, to 8,005.8 points, by the end of this week.

In addition, traded volumes grew by 152.5% to 1.12 billion shares, compared with 442.7 million shares last week.

Sectorwise, gains were recorded by 17 sectors, whereas there were four sectors in red, led by telecoms and software and services stocks.

On a side note, Aramco’s shares settled on Thursday at SAR 36.80, rising by SAR 1.60.

Aramco’s turnover reached SAR 15.86 billion, with 418 million traded shares.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities