Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) witnessed stable performance on Thursday, as Tadawul All Share Index (TASI) inched up with less than one point to close at 7,198.73 points.
“The market adopts sideways trend as investors await companies to announce their full financial statements for 2016 as well as quarterly one,” said Ali AL – Gaafry, technical analyst.
The benchmark TASI targets the level of 7,000 points, but in case it moved below this level then it will target the levels of 6,820 and 6,800 points.
The market’s 16 sectors ended equally in both the green and red zones, where the retail and insurance, agriculture sectors were in the green zone.
The market witnessed today 242.2 million shares changed hands carried out through 120,400 transactions.
Out of 171 stocks traded today, decliners outnumbered advancers by 81 to 77, while 33 stocks remained unchanged.
