#Saudi Tadawul index tops 10,000-mark for first time in nearly 7 years | ZAWYA MENA Edition

Saudi Tadawul index tops 10,000-mark for first time in nearly 7 years | ZAWYA MENA Edition

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) crossed the 10,000-point level for the first time since November 2014 in early trade on Wednesday.

The index was trading 0.4 percent higher at 10,025 points at noon UAE time. Turnover hit 2.4 billion riyals ($640 million) in the first hour of trading.

Notable stocks that rose in value are Savola Group which 2.7 percent and is trading at 41.35 riyals and Halwani Bros. Co. which jumped 2.8 percent to 114.2 riyals.