Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Sunday’s session in the green, marking its seventh rise in a row and reaching its highest level in 16 sessions amid positive performance of most of its sectors, despite a decline in turnover.
The benchmark index (TASI) grew 0.68% or 48.37 points and closed at 7,183.25 points, its highest level since 5 January and nearing the level of 7,200 points.
Turnover reached SAR 4.05 billion ($1.08 billion) on Sunday down from SAR 4.73 billion ($1.26 billion), while traded volume declined to 209.57 million shares from 253 million in the previous session.
At the sector-level, 15 sectors were in the green, led by investment and finance, which ended up 1.5% on the back of Kingdom Holding’s gains of 2.45% to SAR 11.70.
The banking sector added 0.92% after AlRajhi and National Commercial Bank (NCB) grew 2.26% and 0.2% to SAR 66.50 and SAR 44.10, respectively.
The basic industries sector increased 0.61% following positive performance by the majority of its listed stocks, which overcame losses of 0.19% and 0.14% for SABIC and Safco, respectively.
On the other hand, the telecom sector led the 5 falling sectors, shedding 0.33% after Saudi Telecom Company (STC) slipped 1% to SAR 68.50, while Mobily lost 0.13% to SAR 22.65.
At the level of the stocks, a total of 125 stocks ended up, led by Nama Chemicals’ 10% surge to SAR 4.40, while 40 stocks ended Sunday down, led by Al-Sorayai Trading which declined 4.93% to SAR 13.10.
Al Inma Bank, up 0.26%, was the most active in terms of turnover with SAR 349.65 million, while Dar Al Arkan registered the highest traded volume in the session with 25.12 million shares changing hands; the stock decreased 0.32%.
