continued Saudi stock market Its gains for the seventh consecutive session, to record the index’s highest level since April 2006, supported by the rise of oil.
Oil prices rose on Tuesday, as concerns regarding demand in China eased following Shanghai eased some restrictions related to the spread of Covid-19, while OPEC warned that it would be impossible to raise production enough to offset the loss of supplies from Russia.
The main market index “TASI” rose by the end of Tuesday’s session, by 1.21%, equivalent to 162 points, at the level of 13646 points, the highest in 16 years.
The value of trading in the market reached regarding 11.9 billion riyals through trading on 241.9 million shares.
The prices of 77 shares increased, while 129 declined out of a total of 215 listed shares.
The “mining” share led the gains by 9.97% at a price of 73.90 riyals, while the “cables” share led the declines by 5.5%, at a price of 16.14 riyals.
Al-Jazira’s share was the most actively traded in terms of volume, with 20.29 million shares, while Al-Rajhi shares topped the trading in terms of liquidity, with a value of one billion riyals.
