Saudi Arabia’s Tadawul All Share Index Rises 0.56% at Market Close

Saudi Arabia’s stock market closed positively on Friday, with the Tadawul All Share Index (TASI) rising by 0.56%, driven by strong performances in Financial Services, Telecoms & IT, and Retail sectors. Red Sea Housing Services Company led the gains, increasing by 7.10%, while Tourism Enterprise Co. followed with a 6.10% rise. However, Fawaz Abdulaziz AlHokair Company and Abdullah Saad Mohammed Abo Moati Stationeries Co. saw declines of 3.41% and 3.28%, respectively. Notably, crude oil prices also rose, contributing to the market’s performance. With around 200 listed companies, the Tadawul remains integral to Saudi Arabia’s role in both oil and financial markets.

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