Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) added 0.1% or 7.08 points to 6,922.97 points at Wednesday’s open.
By 10:46 am KSA time, 33.87 million shares were exchanged through 14,280 transactions at a value of SAR 594.7 million.
The banks sector led gainers and rose 0.63%, backed by Saudi British Bank (SABB) and Alawwal Bank which hiked after announcing a possible merger.
The insurance sector came second and increased 0.14%, followed by the consumer durables and telecom sectors which went up 0.04% and 0.03%, respectively.
On the other hand, investment and financial services fell 1.2%, followed by the media and material sectors which decreased 0.65% and 0.5%, respectively.
Alawwal Bank and SABB topped the best performers and hiked 8.8% and 4.6%, respectively, while Hail Cement led the red zone and levelled down 3.1%.
Moreover, the main index (NOMU) of Nomu-Parallel Market inched up 0.26% to stand at 4,782.66 points.
Baazeem Trading topped the green zone and rose 1.2% to SAR 32.60, while Abo Moati for Bookstores solely slipped 1% to SAR 15.10.
