The Saudi Stock Market Index (TASI) rose, at the end of Wednesday’s session, by 0.89%, rising for the second consecutive session, to close at 10,192 points, supported by the rise in bank stocks.
The banking sector led the gains in today’s session, recording an increase of 2.22%.
The CEO of Mekial Financial Technologies, Hisham Abu Gamee, said that the banking sector index in the Saudi stock market rose in today’s session by more than the rise of the main index.
In an interview with Al-Arabiya, Gamea indicated that banks were the main support for the market’s performance in today’s session.
Gamea said that if the banking sector did not rise today, the index would have fallen 0.1%.
The “Arab National” share topped the day’s gains, by 8.6%, at 25 riyals, while the share of Al-Rajhi Bank rose, by 3%, at 72.10 riyals.
Shares of (Riyadh, SABB, Saudi Fransi, Al-Bilad, and Saudi Investment) closed today’s session, with increases that ranged between 2% to 5%.
The total market trading amounted to about 4.1 billion riyals, after trading 168.6 million shares, and the shares of 138 companies rose, while about 70 shares decreased.