TASI Jumps 3.43% to 9,761 Points After Lowest Close Since 2021
The TASI index jumped 323.28 points, or 3.43%, to close at 9,761.78 points, ending a five-session losing streak as Qatari and Kuwaiti markets rallied.
The Saudi stock market main index, TASI, jumped 323.28 points, or 3.43%, to close at 9,761.78 points, ending a streak of five consecutive sessions of decline. The index rebounded from its lowest closing level since 2021, recorded on Sunday.
The index had risen 2.7% at the start of trading, marking its largest intraday gain since April 8, according to data compiled by Bloomberg. The improvement extended to the rest of the Gulf markets in the same session.
The Qatar Stock Exchange index rose 2.75% to 8,852.29 points, while Kuwait's All-Share Index gained 1.96% to 8,492.80 points. Bahrain was the only declining market, dropping 0.15% to 1,845.66 points.
Gulf Business Insight reported the session's figures citing Asharq Bloomberg, CNBC Arabia, and Al-Araby Al-Jadeed. TASI recorded a gain of 323.28 points compared to the previous session's close.
What do these terms mean?
TASI Index: The main index of the Saudi Stock Exchange, tracking the performance of listed companies on the main market.
Daily Gain: The percentage by which the index rises in a single session compared to the previous session's close.
Intraday Gain: The highest percentage increase reached by the index during trading before it closes, which may differ from the closing gain.
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