Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed on a positive note on Wednesday, the fourth session in a row, accompanied by high liquidity.
The main index rose 0.99% or 65.45 points to 6,691.23 points, the highest since mid-May.
The hotel and tourism topped gainers by an increase of 3.23%, backed by the gains of all stocks led by Al Tayyar Travel Group, which levelled up 4.38% at SAR 39.10.
The banks and financial services grew 1.43%, on the back of the National Commercial Bank (NCB) and Al Rajhi Bank by 4.25% and 0.83% to stand at SAR 41.70 and SAR 59.50, respectively.
The petrochemical industries sector gained 0.65%, supported by Saudi Basic Industries Corporation (SABIC), which increased 1.67% to SAR 83.25 and Saudi Arabian Fertilizer Co. by 1.13% to SAR 60.
The telecommunication and IT sector also edged up 0.59% after a collective rise of all its stock except for Etihad Atheeb Telecommunication “Go.”
Etihad Etisalat (Mobily) topped the best performer shares by 1.16%, while Saudi Telecom Company (STC) advanced 0.39% at SAR 64.75.
The retail sector achieved the lowest gains rising 0.41%, after Jarir Marketing fell 1.69%.
Trading value levelled up to SAR 5.38 billion ($1.43 billion) compared to SAR 4.37 billion ($1.17 billion) in the last session.
Trading volume grew to 331.59 million shares up from 274.4 million shares on Tuesday.
SABIC was the most active stock in terms of trading value, achieving a turnover of SAR 759.34 million through trading 9.12 million shares, while Dar Al Arkan for Real Estate Development was the most active in trading volume through trading 72.6 million shares at a value of SAR 520 million, closing 3.9% high.
to 6,691.23 points
