Saudi Arabia’s main stock index rose 2.3% on Tuesday, led by heavyweight banks and Saudi Aramco, and briefly traded above the 10,000-point mark during the session.
The Tadawul All Share Index (TASI) closed up 224.67 points at 9,986.45, the Saudi Press Agency reported. Turnover reached SR7.16 billion ($1.91 billion), with about 441 million shares changing hands. Gainers outnumbered decliners 237 to 30.
Al Rajhi Bank was the most traded stock by value at SR595.16 million and rose 2.78% to SR60.90, according to Mubasher. Saudi National Bank gained 2.54% to SR36.36, and Aramco rose 1.88% to SR26.08. SABIC climbed 3.43% to SR47.68, and Ma’aden added 3.49% to SR57.85.
Several small and mid-sized stocks fell despite the broad rally. National Company for Learning and Education dropped 6.48% to SR108.20, and Nahdi Medical lost 4.82% to SR82.90.
The parallel Nomu market rose 325.66 points to 21,537.38.
In Oman, the MSX30 index of the Muscat Stock Exchange fell 10.1 points, or 0.14%, to 7,347.73. Turnover rose about 30% from the previous session to 70.728 million Omani rials ($183.9 million).
Oman Telecommunications Company (Omantel), Sohar International Bank and Bank Muscat led trading by value. The exchange’s market capitalization stood at about 38.92 billion rials ($101.2 billion).
