By Thabit Shehata
Riyadh-Mubasher: Tadawul All-Share Index (TASI) extended its upward trend for the fifth straight week, fuelled by 10 sectors but amid weak liquidity.
The telecom and media sectors topped advancers, rising 6% and 5% in a row. The petrochemical industry also gained 0.79%. Meanwhile, the hotels led decliners, falling 2.6%. The banks also moved 0.69% lower.
Zain topped in weekly gains, rising 13.7% to SAR 7.95, followed by Mobily which was up 12.5% to SAR 28.56.
Solidarity was the biggest loser, declining 11% to SAR 8.2, followed by Samba which was down 6.5% to SAR 20.93.
The bourse, however, witnessed a 19.3% decline in turnover to SAR 26.57 billion ($7.1 billion), compared with SAR 32.9 billion ($8.77 billion) in the previous week. Traded volume also decreased by 21.15% to 1.53 billion shares from 1.94 billion shares.
Alinma Bank was the most active in turnover and traded volume, after 228 million shares were exchanged at a total value of around SAR 3.07 billion.
Translated by Abdul Maguid Aboshahla
