Riyadh –  The Saudi Stock Exchange (Tadawul) continued its upward trend during the week ended on 8 October 2020 for the second consecutive week.

The Tadawul All Share Index (TASI) went up by 1.42% last week, gaining 117.5 points and settling at 8,412.55 points.

Market capital grew by SAR 87.3 billion, bringing the market cap value of listed shares to SAR 9.189 trillion, compared with SAR 9.102 trillion a week earlier.

At the sector level, banks headed the winners with 1.01%, whilst telecommunication services, materials, and energy rose by 3.8%, 2.49%, and 0.19%, respectively.

Pharma, biotech and life science was the top faller with 2.24%, followed by diversified financials with 1.9%.

In the meantime, the market’s traded values totalled SAR 55.6 billion last week, down 19.8% when compared to SAR 69.3 billion in the prior week. Moreover, traded volumes declined by 24.45% weekly to stand at 2.35 billion shares.

As for the parallel market, the Nomu-Parallel Market Capped Index (NomuC) hiked by 8.8% last week, adding 1,212 points to reach 15,000.95 points.

Furthermore, the liquidity increased to SAR 219.03 million where 3.13 million shares were traded.

Source: Mubasher

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