By: Majed Alshabib
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in the green zone by adding 0.47% or 29.97 points, closing at 6319.3 points.
The market is having a positive performance after a negative run, it may be stable for a few session, before rising again, financial analyst Sami Al-Yousef told Mubasher.
The Saudi Stock Exchange’s main Index (TASI) aims at reaching the level of 6500 points, he added, saying that this means rises between 2.5% and 3%.
Both traded volume and total turnover increased today, with 200.16 million shares traded for an exchange of SAR 3.3 billion ($888 million), compared to 136 million shares with a total traded value of SAR 2.5 billion ($666 million) on Sunday.
SABIC, Alinma Bank, and Tabuk Agriculture (TADCO), accounted for more than 44% of today’s traded value.
A total of 12 sectors were in a rise today, while 3 closed in the red, namely the industrial investment, telecom, and energy, with declines of 0.42%, 0.12%, and 0.07% respectively.
On the other hand, media and publishing led the rising sectors by adding 2.12%, followed by retail with 1.68%, Hotel and tourism with 1.17%, and petrochemical industries with 0.9%.
As for the stocks’ performance, 104 went up today, led by Kayan which gained 5.3%, AlHokair with 4.93%, followed by Dar Al Arkan, Jarir, and SISCO with 4.55%, 3.93%, and 3.59% respectively.
Meanwhile, SABIC added 0.59% closing at SAR 81.25, and equally rose Al-Rajhi closing at SAR 57.75, while STC remained unchanged closing at SAR 60.25.
In contrast, 50 stocks fell on Monday, with TADCO leading the losers with 7.22% followed by BCI with 5.4%.
Translated by: Moslem Ali
