(MENAFN) Saudi Arabia’s benchmark share index TASI has earned 9 percent this year to stand at 12,310 points as of Aug. 2, supported by a 106 percent jump in the stocks of Public Investment Fund-owned utility supplier ACWA Power.
Regardless of current geopolitical hurdles pondering on markets internationally, some shares on the index have witnessed double-digit climbs in their stock price, as shown by Argaam data.
Tadawul Group, Dallah Healthcare Co., Alinma Bank, as well as Ma’aden were between the highest five earners on the index, increasing 74, 65, 57, and 53 percent, individually.
The Nation’s banking area has been seeing a boom in gain and share earnings, with four banks on the list of TASI’s highest ten earners year-to-date.
As well as Alinma Bank. Bank Albilad, Saudi Investment Bank, and Arab National Bank have all witnessed their share prices climb between 40 and 47 percent.
On the other hand, Saudi insurers United Cooperative Assurance Co. and Arabia Insurance Cooperative Co. weighed most on the index in 2022, losing up to 69 percent.
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