NEOM partners with JLS Yachts as Sindalah island prepares for grand
Saudi Arabia's Tadawul All Share Index has shown resilience by edging up 0.34 percent, with a total trading turnover of $1.34 billion and a mix of stock performances.
Topics
Posted 8/24/2023, 12:42:01 PM
arabnews.com
Relevant topic timeline:
The Tadawul All Share Index in Saudi Arabia rose by 0.44 percent, while the Nomu parallel market saw an increase of 1.77 percent, and the MSCI Index climbed by 0.86 percent.
Saudi Arabia's Tadawul All Share Index closed slightly higher, with a total trading turnover of SR5.02 billion, while a mix of stock performances saw some stocks advance and others decline.
Saudi Arabia's Tadawul All Share Index has experienced a significant decline due to poor performance from larger listed companies in sectors such as banking, energy, and materials, while stocks outside of these sectors have boosted the index; however, analysts believe the market to be fundamentally strong and see selloffs as buying opportunities due to transformative reforms and incentives implemented by Saudi Arabia under the Vision 2030 program.
Saudi Arabia's Tadawul All Share Index dropped 35.42 points, or 0.31 percent, to close at 11,455.78, with a total trading turnover of SR4.31 billion ($1.146 billion) and 106 stocks advancing and 104 declining.
The Tadawul All Share Index in Saudi Arabia ended Monday's trading session with a decline of 0.61%.