Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) closed Tuesday’s session with a fall of 0.73% or 49 points to the level of 6,644.8 points, ending a three-day gaining streak.
Technical analyst, Salem Al-Shwaiman, suggested that the decline resulted from profit takings on banks and cement stocks.
The media and energy sectors grew 8.77% and 0.30% respectively, while petrochemicals, real estate development, telecom, cement and banks shrank by 1.2%, 0.9%, 0.78%, 0.73% and 0.53% respectively.
Turnover rose to SAR 5.86 billion from SAR 5.59 billion on Monday. Trading volume also increased to 312.6 million shares from 308 million shares.
Saudi Research and Marketing Group topped gainers by adding 10%, followed by Saudi Printing and Packaging (+9.79%), Amana Cooperative Insurance (+5.16%) and Tihama Advertising and Public Relations (+4.96%).
On the other hand, Arabia Insurance Cooperative, Al Hammadi Company for Development and Investment and Wafa Insurance led decliners after falling 3.86%, 3.73% and 3.44$ respectively.
Translated by: Elwy el-Manzalawy
