By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) moved back gain below the 7,000 mark on Thursday, after it rebounded yesterday from a four-session losing run.
The main index lost 0.74% or 51.7 points to close at 6,949 points. It rose 9 points yesterday to close at 7,000.7 points.
Meanwhile, the petrochemical industries sector bucked the downtrend, as it rose by 0.29% to continue a rally for the second successive day. The sector was buoyed by the rise of SABIC and SAFCO by 0.70% and 1.15% respectively.
The agriculture sector was the biggest loser, after most of its constituent stocks moved lower mainly Savola that dropped by 3.50%. Meanwhile, Al Jouf stock ended in green.
Thursday’s traded volume increased by 5.9% to 265.25 million shares from 250 million shares. Meanwhile, traded value declined by 3.85% to SAR 5.1 billion from SAR 5.3 billion.
24 stocks headed north topped by Emaar E.C. (+6.88%), Mubarrad (+4.23%) and Alinma Tokio Marine (+3.22%). 138 other stocks headed south led by Salama (-5.11%), Al-Khaleej Trading (-5.02%) and MEPCO (-4.97%).
Translated by Sayed Abdel Rahman
