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HomeFinanceSaudi Stock Exchange Sees Positive Movement in Market Indices

Saudi Stock Exchange Sees Positive Movement in Market Indices

Gains in Main Index and Parallel Market Highlight Trading Day

January 16, 2024
in Finance
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The primary market index of the Saudi Stock Exchange concluded its trading session on an upbeat note, registering a rise of 62.08 points to settle at 12122.11 points. The value of trades executed during the session reached an impressive SAR 8.6 billion.

During the trading day, a total of 311 million shares changed hands. Out of the plethora of companies listed, 122 experienced an appreciation in their share value, whereas 93 companies saw their share value decline by the session’s end.

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In the alternative investment segment, the Saudi Parallel Market Index, also known as NOMU, mirrored the positive trend. It advanced by 42.61 points, closing at 24679.11 points. The trades within this market were valued at SAR 27 million, with a total of 3.5 million shares traded.

The upbeat performance in the indices reflects a buoyant trading atmosphere within the Saudi financial market, indicating investor confidence and active participation in the Kingdom’s thriving economic landscape.

Tags: Main IndexMarket IndexParallel MarketSaudi Stock ExchangeTrading
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