By Aseel Bin Taleb
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished the last trading session this week on a positive note as the benchmark gained 33.66 points or 0.57% to 5,975.94 points.
The Saudi stocks’ uptrend is coupled with the rebound that global markets and oil prices witnessed on Thursday, said Mohamed Mohammed Alghalbi, financial analyst, adding that the stock market lacks, however, major drivers that may significantly improve the stocks' performance in the coming week ahead. Therefore, the main index is likely to swing from 5,900 to 6,100 points, he expected.
Over 271.3 million shares were traded in 121,000 transactions at a turnover of SAR 5 billion.
Sector-wise, all sectors closed on a higher note, excluding the industrial investment that dipped by 0.58%.
Out of 167 stocks exchanged today, 130 moved up; 33 went down; and 4 stayed unchanged. The advancers were led by Al Ahli Takaful (+6.79%), Jazan Development (+6.75%), and Saudi Industrial Export (+5.12%).
On the negative front, Al Ahsa Development headed the decliners with a fall of 3.59%, and then followed by Basic Chemical Industries (-1.96%) as well as MAADEN (-1.89%).
Translated by Ahmed El-Sayed Ali
