By Majid Al Shabib
Riyadh – Mubasher: The cement sector in Saudi Stock Exchange (Tadawul) saw last week its biggest weekly traded volume in more than two years.
The cement stocks' activity was spurred by expectations about lifting the ban imposed on cement exports.
Najran cement dominated 25.1% of the sector's liquidity that reached SAR 1.5 billion. The sector's traded volume amounted to 103.3 million shares, which is the biggest volume since 27 April 2013.
The cement sector rose last week by 5.6%, while stocks advanced by 4% to 8% and Umm Al Qura Cement jumped 28.5% to top the gainers' list.
Analysts told Mubasher that the export of cement products would generate SAR 1.4 billion in revenues, while the export volume may not exceed 55% of total inventory.
