Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) turned into green on Wednesday after closing with a rise of 0.14% or 9.38 points to the level of 6,654.2 points.
Markets analyst, Mohammed Al-Ghamdi suggested that the market’s performance was affected by the lower activity in banks and petrochemicals sectors and the fall in liquidity.
“the next support level news 6,400 points,” Al-Ghamdi explained.
The media and publishing was the best performing sector after rising 1.9%, backed by an increase of 4.43% in Saudi Research and Marketing Group.
The telecom sector also advanced 0.18% as STC grew 1.34% to SAR 64.25, while Mobily shrank and Zain stood at the same rate.
The petrochemicals sector levelled up 0.1% thanks to the rise in SAPIC and SAFCO by 0.04% And 0.39% respectively.
On the other hand, the banks sector declined 0.06% as Al Rajhi Bank and Samba Financial Group dropped 0.03% and 0.45%, while National Commercial Bank grew 0.35%.
Turnover increased to SAR 5.9 billion from SAR 5.87 billion on Tuesday.
Meanwhile, trading volume slid to 294.64 million shares from 321.7 million shares exchanged yesterday.
SAPIC made the highest liquidity with SAR 834.65 million, while Alinma Bank was the largest-traded stock with 48.58 million shares.
Translated by: Elwy el-Manzalawy
