TASI rises 0.6% to 11,470, turnover at SAR 3.9 bln

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 65 points, higher at 11,470 points today, Aug. 27.

Total turnover reached almost SAR 3.9 billion.

Saudi Aramco and Al Rajhi Bank rose less than 1% to SAR 34.80 and SAR 72.50, respectively.

Almarai, Saudi National Bank, Bank Albilad, Elm, Savola, stc, SABIC, Jabal Omar, Banque Saudi Fransi, Saudi Awwal Bank, and Etihad Etisalat increased between 1% and 4%.

Seera gained 5% to SAR 28.15, as its subsidiary, Lumi, announced the prospectus for offering 16.5 million shares on the main market on Sept. 12.

Takween went almost limit up to close at SAR 17.78, with nearly 1.3 million shares traded.

On the other hand, Zamil Industrial was the top decliner, falling 4% to SAR 24.10. The company’s accumulated losses reached 28.2% of the capital.

Al Othaim closed at SAR 14.56 (-2%), following the end of the eligibility for cash dividends to shareholders.

Write to Parag Deulgaonkar at parag.d@argaam.com