Bourse Gains 1 Billion Dinars in a Single Day
The bourse's market capitalization rose by 990 million dinars by the end of yesterday's trading, with major indices increasing.
Translated by Qiyas from النهار — Original source
The stock exchange boosted its market capitalization yesterday by nearly one billion dinars, with the total market capitalization rising by approximately 990 million dinars to reach 51.65 billion dinars by the close of trading, compared to 50.66 billion dinars at the start of the current week. The exchange closed its trading session yesterday with its main index up by approximately 163.38 points, or 1.96 percent, to stand at 8,492.80 points. A total of 312.1 million shares were traded across 23,207 cash transactions valued at 83.1 million dinars.
The improvement in local trading coincided with a more positive atmosphere in regional markets, driven by new diplomatic moves that bolstered hopes of containing regional tensions, which in turn reflected on risk appetite in several Gulf markets.
The main market index rose by 161.24 points, or 1.94 percent, to reach 8,463.16 points, through the trading of 168.6 million shares across 12,011 cash transactions valued at 26 million dinars. Meanwhile, the First Market index increased by 172.31 points, or 1.97 percent, to reach 8,939.85 points, with 143.5 million shares traded across 11,196 cash transactions valued at 57 million dinars. The Main 50 index rose by 261.44 points, or 2.85 percent, to reach 9,449.19 points, as 146.2 million shares were traded across 8,969 cash transactions valued at 22.2 million dinars.
The session saw the trading of approximately 312.19 million shares, with transaction values reaching about 83.10 million dinars, and 23.21 thousand transactions were executed.
The session’s upward trend was supported by gains in 12 of the main stock exchange sectors, led by the technology sector, which rose by approximately 5.61 percent, while the healthcare sector remained the only one unchanged. The session witnessed price increases for 113 stocks, declines for 12 stocks, and no change for seven stocks. The stock “Al Oula” led the gainers with a rise of approximately 17.77 percent, while the stock “Tasheel” was the biggest decliner, falling by approximately 4.76 percent.
