Market Analysis: The Main Index up 200+ pts

The Saudi stock exchange Tadawul All Shares’ Index, or TASI, has, recently, consolidated its gains, as it recovered to trade over 11,100 points, up more than 200 points, since the start of the first week, this month.

Liquidity reached SR3.7 billion in the first three hours of trading, with 114.3 million shares traded and 187.8 thousand transactions completed.

195 firms saw their shares rise, while 8 companies gone the other way, down.

Investment and finance sectors climbed 2.6%, apiece, followed by banks and capital goods sectors, at 2.4%, basic materials sector, at 2.3%, and commercial and professional services’ sectors, at 2.3%.

Company wise, Sadr gained 10%, Hail Cement 9.9%, Al Saqr 9.2%, Glass 7.8%, and Northern Cement 7.6%.

Meanwhile, firms such as Allianz fell 1.1%, Chubb 1%, Mulkia REIT 0.9%, Derayah REIT 0.6%, and Fransi 0.5%.