Saudi Tadawul up 4.51% in September; market cap gains hit $40.8bln

Riyadh – The Saudi Stock Exchange (Tadawul) continued its upward trend for the six consecutive month in September 2020.

The Tadawul All Share Index (TASI) hiked by 4.51% or 358.38 points last month.

The benchmark index stood at the level of 8,299.08 points in September, compared with 7,940.7 points a month earlier, as shown by official data.

Market cap gains amounted to SAR 153.2 billion, raising the market capital of listed shares to SAR 9.13 trillion in September from SAR 8.98 trillion in August.

All sectors closed the month in the green zone, topped by diversified financials with 19.78% and real estate with 18.59%.

Likewise, the materials sector jumped by 5.94%, whilst telecommunications services gained 5.4%. Moreover, the energy and banks grew by 2.02% and 0.11%, respectively.

The trading volume skyrocketed to 11.2 billion shares in September from 6.7 billion in the previous month. Similarly, the market’s turnover advanced to SAR 267.45 billion from SAR 150.4 billion.

In the meantime, the Nomu-Parallel Market Capped Index (NomuC) leapt by 52.11%, standing at 14,114.21 points.

The traded values totalled SAR 957.13 million and the traded volume came in at 16.68 million shares.