Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) rose on Wednesday by 0.64% or 41.65 points to the level of 6,516.49 points, breaking above the level of 6,500 points.
The retail was the best performing sector as it grew 2.04%, backed by a collective rise in its stocks except Mouwasat Medical Services and Dallah Healthcare Holding.
The petrochemicals sector also leapt by 1.15% as SABIC advanced 1.46% to SAR 81.50, while SAFCO fell by 0.32%.
The banks sector gained 0.5% thanks to the rise in Al Rajhi Bank and National Commercial Bank by 0.67% and 0.63% respectively.
Meanwhile, the real estate was the worst performing sector after dropping 0.5%, pressured by the fall in Jabal Omar Development and Dar Al-Arkan Real Estate by 1.28% and 0.4% respectively.
Turnover decreased to SAR 4.04 billion from SAR 4.1 billion on Tuesday, while trading volume increased to 204.7 million shares from 201 million shares exchanged yesterday.
Alinma Bank topped trading activity with 36.1 million shares exchanged at SAR 477.35 million. The stock rose 1.38% to SAR 13.25.
The bourse’s main index rose yesterday by 0.77%, ending a four-day losing streak.
Translated by: Elwy el-Manzalawy
