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TASI Surges Past 11,400 Points on SAR 6.7 Billion Turnover
Financial sector strength drove the index to 11,418 points. Sustained trading volume above SAR 6 billion will be the key indicator for continued market momentum.
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Market Performance Overview
The Saudi Exchange (TASI) ended the session higher on Tuesday, gaining 1% to finish at 11,418 points. This move pushed the index past the 11,400-point threshold, marking a positive shift for investors monitoring the market analysis desk. Trading activity accelerated, with total turnover reaching SAR 6.7 billion.
Sector Performance and Leading Stocks
Market breadth favored the bulls, as the majority of listed companies saw price appreciation during the session. The financial sector, led by Al Rajhi Bank, provided a strong tailwind for the overall index.
Key Stock Movements
- Al Rajhi Bank (1120.SR) climbed 2% to close at SAR 74.00.
- Saudi Aramco (2222.SR) added 1%, finishing the day at SAR 27.60.
- ACWA Power (2082.SR) saw a gain of 3%, reaching SAR 352.00.
- Saudi National Bank (1180.SR) rose by 2% to settle at SAR 36.35.
Investors tracking the crude oil profile often look to Aramco for direction, and today's move reflects a broader positive sentiment across the exchange.