Riyadh – Mubasher: The Saudi telecom sector topped the green zone in the Saudi Stock Exchange (Tadawul) on Tuesday's trading, after lifting the suspension of trading.
Mobile Telecommunication Company Saudi Arabia (Zain KSA) came on top advancing 9.96% to SAR 7.40, followed by Etihad Atheeb Telecommunication Company “Go” which added 6.64% to SAR 3.05.
Moreover, Mobily and Saudi Telecom Sector (STC) increased 3.96% and 1.13%, respectively.
The Saudi Capital Market Authority (CMA) announced lifting the suspension of trading of three Saudi-listed telecom companies starting from Tuesday, 4 October.
The companies are Etihad Atheeb Telecommunication Company “Go,” Mobile Telecommunication Company Saudi Arabia (Zain KSA) and Etihad Etisalat Company (Mobily).
CMA suspended trading on the four telecommunication companies listed on the Saudi Exchange (Tadawul) on Sunday, 2 October until the firms disclose the financial impact of the decision over extending licenses.
