By Majid Al-Shabib
Riyadh-Mubasher: Tadawul All-Share Index (TASI) trimmed its morning gains which exceeded 2.5%, edging up 0.86% or 48.73 points to close at the 5,739.98 level.
Oil ministers from Saudi Arabia, Qatar, Russia and Venezuela agreed on Tuesday to freeze oil output at January levels.
Liquidity leapt 25% to SAR 6.4 billion, after 376 million shares changed hands through 161,000 transactions.
The banking sector accounted for the biggest portion of the total liquidity, or 20% representing SAR 1.28 billion. The petrochemical industry sector also dominated 16% (SAR 1.06 billion). The real estate development captured 12% (SAR 780 million).
Three sectors declined, led by the transport which dipped 0.37%, followed by the media and hotels which lost 0.28% and 0.01%, respectively.
Advancers outnumbered decliners 117 to 46. Arabian Shelled was the best performer, soaring 9.94% to SAR 19.80. Meanwhile, Enaya was the big drag, falling 4.7%.
Translated by Abdul Maguid Aboshahla
