Mubasher - Thabet Shehata: The Saudi stock market witnessed positive performance during the week ending January 23, 2025, supported by 3 major sectors amid improved liquidity.

The general index of the market "TASI" recorded an increase of 0.8%, with gains of 97.98 points, rising to 12,354.04 points, compared to 12,256.06 points last week.

Market gains amounted to SAR 2.77 billion, bringing the market capitalization of shares listed on Tadawul to SAR 10.333 trillion, compared to SAR 10.330 trillion at the end of the previous week.

The green color dominated the performance of the sectors, led by 3 major sectors, led by the basic materials sector with an increase of 1.74%, the communications sector rose by 1.24%, and the banking sector recorded a marginal increase of 0.02%.

Losses were limited to 4 sectors, led by the food production sector, with a decline of 3.17%, followed by the applications and technology services sector, with a decline of 1.41%.

In terms of stock performance, Saudi Cables recorded the highest gains after rising 25.1%, while Almarai recorded the highest losses, falling 4.97%.

Trading values rose during the week to about 33 billion riyals, compared to 29.46 billion riyals last week, an increase of 12%, so that the average values rose to 8.26 billion riyals per session.

Trading volumes increased by 3.11% to 1.54 billion shares, compared to 1.49 billion shares for the previous week, with an average volume of 385.27 million shares per session this week.

Al Rajhi stock topped the stock activity in terms of value, with 1.69 billion riyals, and the highest volume was for Al Baha stock, with a trading volume of 262.1 million shares.