Tadawul breaks above 6,700 pts

Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) closed Tuesday with a growth of 0.61% or 18.55 points to the level of 6,739.18 points.

The index broke over the level of 6,700 points for the first time since 11 sessions.

Turnover rose 12.28% to SAR 5.99 billion from SAR 5.3 billion on Monday.

Trading volume also increased 18.55% to 305 million shares from 257 million shares exchanged yesterday.

The telecom was the best performing sector after adding 1.79% as Mobily, STC and Etihad Atheeb Telecom by 4.39%, 0.33% and 1.17% respectively, while Zain was flat.

The petrochemicals sector also advanced 1.33%, backed by the rise in National Industrialization, SAPIC and SAFCO by 7.78%, 0.49% and 0.90% respectively.

Meanwhile, the media and publishing sector fell 1.17%.

National Industrialization topped gainers by adding 7.78%, while Saudi Marketing led decliners after falling 3.4%.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 17-May-2016 14:47 (GMT)
Mubasher Last Update Time: 17-May-2016 14:47 (GMT)