By Mohamed Idries
Riyadh – Mubasher: Saudi Stock Exchange closed Monday’s session almost unchanged, as the main index inched up by 0.01% or 0.49 point to 6,092 points.
Today’s traded volume amounted to more than 372 million shares, exchanged in above 149,000 transactions at turnover reaching SAR 6.4 billion.
Eleven sectors moved lower, led by media and publishing (-1.38%), then hotel and tourism (-1.32%) and transportation (-1.11%). Four sectors moved higher topped by cement (+1.39%), then banks and financial services (+0.67%).
Zain KSA recorded the biggest rise of 7% to SAR 6.45, followed by SADAFCO (+5.2%) and Samba (+5%).
Dur Hospitality was the biggest drag (-4.25%), followed by Petrochem (-4.12%), then MEPCO (-3.77%).
Alinma Bank was the top active across the board, upon trading 69.8 million shares at turnover reaching SAR 924 million. It was followed by Dar Al Arkan with 19 million shares, then GO with 16 million shares.
Meanwhile, giant petrochemical firm SABIC came second with a traded value reaching SAR 697 million, followed by Takween with SAR 227.6 million.
Ahmed Al Maliki, financial analyst, said that the market’s close in red tomorrow would signal an end to the uptrend and the start of a downward movement coupled with strong correction.
However, a close on an up note tomorrow will push the index further higher towards 6,300 points and 6,350 points, according to the analyst.
