Saudi stock exchange in increase of 3.4% in week, with in “STC” head

The main index of the Saudi stock exchange “TASI” closed with a weekly increase of 3.42%, or 373 points, to reach the level of 11,311.89 points at the end of the week.

After the index rose 1.5%, or 168.5 points, at the close of trading today, Thursday, with a value of around 10.88 billion riyals, and a trading volume of 255, 18 million shares.

The trading value during the week was about 53.46 billion riyals, and the shares traded were about 1.16 billion shares, while the market value of the main market shares was 9.897 trillion riyals. .

Saudi Telecom “STC” stock dominated the largest share of the value and trading volume during the week, about 14.42 billion riyals, with 141.46 million shares, after the implementation of the secondary offering of 120 million shares, representing 6% of the capital for a range of local institutional investors and international investors, as well as individual investors, through a secondary public offering, the first of its kind in the Saudi equity market.

The Developmental Food share saw the highest increase during the week, at 19.87%, and the Al-Ahly Takaful share fell with the highest weekly rate of decline of 5.54%.

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