By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) edged lower on Monday, reversing a two-day winning run, as nine sectors shut in red.
The main index shed 0.02% or 1.2 points to close at 5,610 points.
Nine sectors were in red, led by telecommunication that fell by 1.56%. Banks and financial services lost 0.53%, petrochemical industries (-0.16%) and real estate development (-0.89%). Meanwhile, six sectors were in green, topped by agriculture (+4.41%), followed by retail (+2.45%) and energy (+2.31%).
70 companies headed north, while 87 others headed south. Albabtain was the best performer (+10%), followed by Anaam Holding (+9.98%), Tihama (+9.89%) and Savola (+9.86%). Meanwhile, Wafa Insurance was the biggest drag (-5.44%) followed by Herfy (-4.74%).
Leading stocks were mostly in red, as Al Rajhi Bank shed 0.85%, NCB (-.47%), STC (-2.03%), Jabal Omar (-0.6%), Samba (-1.05%), Riyad Bank (-0.36%) and Alinma Bank (-1.37%). Meanwhile, giant petrochemical firm SABIC rose by 0.13%, BSF added 0.17% and Savola gained 9.86%.
Today's liquidity fell by 27.7% to SAR 4.45 billion, from SAR 6.2 billion yesterday. Traded volume also decreased by 27.8% to 276.9 million shares from 383.8 million shares.
Translated by Sayed Abdel Rahman
