By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) fell by as much as 2.65% or 184.4 points to close at a three-year low of 6,764 points.
The index fall is the biggest in a month.
Analysts told Mubasher that traders’ activity would continue to be dominated by psychological factors ahead of announcing the kingdom’s state budget for the coming fiscal year, which is expected next week.
Sectors were mostly in red, except for transportation that rose by 1.03% after its biggest company Bahri jumped 4.18%.
The media and publishing sector was the biggest drag (-4.88%), followed by building and construction (-4.18%) and multi-investment (-3.73%). Banks was down by 2.85%, petrochemical industries (-2.62%) and Real estate development (-2.03%).
Thirteen stocks headed north, topped by Emaar E.C. (+9.81%), then Gasco (+5.86%) and Bahri (+4.18%). Meanwhile, 152 stocks headed south, led by Arabian Shield (-8.62%), SABB (-7.7%) and SABB Takaful (-7.61%).
