By: Mohamed Idris
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s session at a slight decrease.
The main index shed 0.11% or 7.48 points to stand at 6,516 points.
The downward trend of the market is attributed to the varied announcements of 35% of companies for their second-quarter financials, technical analyst Ahmed Al-Maliki told Mubasher.
He added that the liquidity level is still down, reaching SAR 3.4 billion today, which is less than the last week’s average.
Steadiness of oil prices at $45 per barrel, added to the rise of the dollar to 97.5 points contributed to the market’s current unclear vision, according to the analyst.
Traded volume reached 202 million shares exchanged through 77,000 transactions, while traded value increased 9% to SAR 3.4 billion.
The industrial investment sector topped gainers, rising 1.23%, followed by the media and publishing and real estate development sectors by 1.18% and 0.58%, respectively.
On the other hand, the energy and utilities sector topped losers, falling 1.47% decrease, followed by the banks sector by 0.74%.
Saudi United Cooperative Insurance Co. (Walaa) was the best performer increasing 6.68% to SAR 15.65, followed by Arabian Pipes rising 5.56% to SAR 14.90.
Bupa Arabia for Cooperative Insurance was the worst performer losing 4.40% to SAR 123.75, followed by Al Hammadi Company for Development and Investment and Middle East Healthcare Company (MEAHCO) falling 3.19% and 1.98% to SAR 39.40 and SAR 67, respectively.
Al Inma Bank was the most active stock in terms of trading value and volume, achieving a turnover of SAR 738.7 million through trading 55.4 million shares.
Translated by: Sara Ghali
