By: Mohammed Idris
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday's session by adding 0.69% or 43.06 points, closing at 6289 points.
This comes amid a rise in oil prices with Nymex crude closing near $42, according to financial analyst Ahmed Almaliki.
The Tadawul All Share Index (TASI) is on a losing streak, as long as the main index is less than 6700 points, added Almaliki, stating that the traded volume hit a new low since October 2015, with today’s turnover of SAR 2.498 billion.
More than 136 million shares were traded on Sunday, through around 61,000 transactions , at a total exchange of SAR 2.5 billion, a 28% decline from last session which had a total traded volume of SAR 3.32 billion.
A total of 126 stocks rose today, while 35 declined.
On the flipside, 12 sectors went up, while the other three went down, with telecomm and IT leading the gainers with 1.81%, followed by petrochemical industries with 1.48% and transportation with 1.39%.
The energy sector declined the most with 0.7%, followed by media and publishing with 0.65%.
National Industrialization Co. added the most with a 6.77% increase, closing at SAR 13.4, while Tabuk Agricultural Development led the losing stocks with 9.93%, closing at SAR 13.15.
Alinma Bank was the most active in terms of traded volume with 31 million shares, while SABIC registered the highest turnover with SAR 439.6 million.
Translated by: Moslem Ali
