The Saudi Stock Exchange finishes for the first time in two decades above 12 thousand points

The Saudi Stock Exchange Index “Tassi” ended for the first time since 2005 during the year above the 12,000 points level, supported by a collective increase in most sectoral indicators. The market increases during contemporary trade were supported by the performance of leadership stocks, especially the energy sectors, banks and the media and entertainment sector. With the exception of “healthcare” and “medicine”, all market sectors were closed for an increase in the return of the appetite for risk, which clearly appeared in the trade sizes that recorded the 5.8 billion Riyals level. “Aramco”, “Al -Rajhi Bank”, and “Saudi Research and Media Group”, was the most prominent share that made a positive contribution to the rise of the “Tassi” index during the contemporary trade, as it added about 36 points to the market index to ensure its closure in the green zone during the year 2024 on the level of 12037 points. 0.8%. The positive market and optimism in the new year led to the shares of 167 businesses closing, while the shares of only 63 businesses dropped, compared to the stability of the prices of 16 shares. A strong group of the wonderful investment fund, which is led by the shares of the insurance sector, where the “Saudi return” share recorded its highest levels ever at the level of 53.9 Riyals. The height was supported by the company’s capital increase with 30% for the Public Investment Fund. The Heights affected most of the insurance sector companies, as the ‘Rasan Information Technology’ share recorded its highest level, as the listing at the level of 86.4 Riyals and a high 4.22%ends.