By: Thabet Shehata
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday’s trading in the red zone, reaching its lowest liquidity amid a semi-collective fall by its sectors.
The bourse’s main gauge fell 0.56% or 37.74 points to the level of 6,716.49 points.
“The index has to stand at the support level of 6,675 points to stay in green in the remaining sessions this week,” Ahmed Al Maliki, technical analyst, told Mubasher.
Turnover decreased to SAR 5.97 billion from SAR 6.42 billion on Sunday. Trading volume also fell to 334.4 million shares from 373.16 million shares exchanged yesterday.
The industrial investment was the worst performing sector with a fall of 2.07% as Saudi Arabian Mining shrank 2.94% to SAR 39.
The banks sector also plummeted 1.08% as Al Rajhi Bank and National Commercial Bank - Saudi Arabia decreased by 0.22% and 0.25% respectively, while Alinma Bank rose 0.07%.
The petrochemical industries sector closed 1.05% down with a 1.3% decline in Saudi Basic Industries Corporation (SABIC) and 0.38% in Saudi Arabian Fertilizer (SAFCO).
On the other hand, the energy, real estate and telecom sectors advanced 1.64%, 1.35% and 0.66% respectively.
Translated by: Elwy el-Manzalawy
