Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) closed Sunday’s trading session 0.82% or 60.59 points higher at 7,486.31 points.
The benchmark index of Tadawul is witnessing a strong accumulation phase on the short-term, with a resistance of 7,700 points of which breaking will lead to 8,100 points as a target, capital market analyst Safaa Fares told Mubasher.
The market’s coming support level will be at 7,290 points which will lead to 7,100 points as a target in case of breaking.
The media segment topped twelve gainers with 9%, followed by the basic materials sector which rose 1.83%.
Meanwhile, the telecom sector led eight decliners with 0.14%.
The market’s trading value shrank to SAR 3.8 billion on Sunday from SAR 7.53 billion in the previous session on 22 June, after the trading volume decreased to 167.5 million shares from 288.92 million.
Saudi Research and Marketing Group was the top winner with a rise of 9.97% at SAR 32.65, while the Company for Cooperative Insurance (Tawuniya) led losers with 4.37% to SAR 98.50.
SABIC recorded the highest turnover of SAR 427.3 million, rising 0.65% to SAR 103.
Dar Al Arkan was the most active stock on which 34.17 million shares were traded, falling 0.6% to SAR 6.66.
The main index (NOMU) of Nomu-Parallel Market went up 0.63% or 23.94 points to close at 3,839.05 points.
Raydan endorsed the rise of Nomu, closing 6.82% higher at SAR 23.50, while Al Samaani led losers with a fall of 6.45% to SAR 71.10.
