A green start for the Saudi stock market index … after 30% annual gains

The main index “TASI” of the Saudi stock exchange, “Tadawul”, closed the session on Sunday, in rise of 0.45%, to gain 50.2 points, and rose from close to 11331.91 points, with trades exceeding the value of 4.4 billion riyals, for a green start at the beginning of the Gregorian new year.

Al-Rajhi Bank and Alinma Bank increased by 1% and 3.5% respectively.

In an interview with Al Arabiya, Rasana Financial Company CEO Abdullah Al-Rabadi pointed to the importance of a positive start to the Saudi stock index in 2022, following gains of 30% last year. .

He said last year was one of the most important years for the Saudi market, and for the financial markets as a whole, and for the Saudi market, were it not for the decline that occurred last November. performance would have been much better, as well as reaping the market benefits of the new approach, which focused on many proposals and the transition from the situation to a pandemic restrictions situation, reflecting the success of the Kingdom in this field.

Al-Rabadi felt that “what we have seen in the Saudi financial market during 2021 is exciting and positively reflected in share prices, and we expect more positivity in 2022,” explaining that distinctive initial offerings have played an important role. in this performance and are expected to continue their pace throughout the year in course.

And about determination Al-Muammar Information Systems Company “MIS” has built 6 major data centers in the KingdomAl-Rabdi said that “Al-Muammar” is doing well, which will reflect and reap its rewards, and they will have the leadership in this direction in a way that improves the performance of the title, leveraging the digital infrastructure at the level of Saudi Arabia as a whole.

In today’s session the volume of shares traded was equal to 129 million shares, united by over 230 thousand transactions, in which the shares of 119 companies recorded an increase in value, while the shares of 77 companies closed.

The shares of the companies: Al Moammar Information Systems, Malath Insurance, Enaya, Nadec and the top gainers. As for the shares of the companies: Sadr, Acige, Export, BATC, Ricerca e Media, the lowest in the trading, as the rise and fall rates fluctuated between 7.79% and 9.96%.

While the shares of the companies: Dar Al-Arkan, Emaar, Alinma, Glass and Malath Insurance were the most active in terms of quantity. Shares of companies: Al-Rajhi, ACWA Power, Glass, Dar Al-Arkan and Alinma were the most active in terms of value.

The Saudi Parallel Stock Index (Nomu) closed today, in rise of 299.76 points, to close at 26275.59 points, with transactions for 111 million riyals, and the volume of shares traded was over 650 thousand shares, shared by 4757 operations.

In Qatar, the Doha Securities Market Index stabilized at the end of trading as gains in financials limited losses in industrials. Al Rayan Islamic Bank jumped 4.3%, while Industries Qatar fell 1.4%.

Outside the Gulf region, the leading Egyptian market index fell 0.2%, with Eastern Tobacco’s share in drop of 0.8%.

However, Cleopatra Hospitals Group shares rose 2.6% following the acquisition of MCI. Capital Health Care Partners acquired 22.99% of its shares at EGP 5.0 ($ 0.3193) per share, giving the group a valuation of EGP 8 billion. The Egyptian index recorded an annual increase of 10.2%.

The UAE market was closed at the start of construction four and a half days a week, with Saturdays and Sundays weekly holidays. The rest of the markets were closed for the New Year holidays.

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