By: Mohamed Idris
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) lost 1.65% or 102.70 points to close at 6109 points.
"If the market continued to trade below the level of 6,111 points, it will head to the support levels of 5,930, which represents 61.8% Fibonacci of the previous wave," Ryan Al Kharashy, Technical analyst, said.
The analyst sees that the index's move near the previous base level of 6,065 points, would result in a rebound.
Traded volume reached 137 million shares with a turnover of SAR 2.3 billion, executed over 71,000 transactions.
162 stocks levelled down and only 5 stocks levelled up.
The energy sector increased 1%, while the media sector decreased 3.75%, followed by the industrial investment and cement sectors which were down 3.27% and 2.31%, respectively.
Arabian Shield Cooperative Insurance Company topped the best performers rising 2.17% to SAR 24, followed by Saudi Electricity Company’s (SEC) which gained 1.35% to SAR 19.50.
The National Company for Glass Industries (Zoujaj) led the worst performers falling 9.01% to SAR 20.10, followed by Saudi Industrial Investment Group (SIIG) and Alujain Corporation which lost 7.65% and 6.23% to SAR 12.55 and SAR 14, respectively.
Al Inma Bank was the most active stock in terms of trading value and volume, achieving a turnover of SAR 332 million through trading 25 million shares.
Translated by: Sara Ghali
