Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading in the green zone for the fifth consecutive session, despite early pressure from increasing selling activity after announcing the US presidential elections results.
Tadawul All Shares Index (TASI) gained 0.82% or 51.83 points, and closed at the level of 6,379.62 points, its highest closing level since 9 August.
The main index rise came alongside a continuous increase in traded volumes SAR 6.31 billion ($1.68 billion) compared to SAR 5.84 billion ($1.56 billion), its highest level since 3 May.
Traded volumes also went up to 467.3 million shares from 363.16 million shares on Tuesday.
As for the sectors’ performance, 12 sectors closed in green today, led by building and construction which gained 2.07% as Saudi Ceramics led the gainers and surged 9.73% and closed at SAR 29.10.
The petrochem sector added 1.25% as Saudi International Petrochemical (Sipchem) rose 3.3% and closed at SAR 14.8, while SABIC slipped 0.61% and closed at SAR 86.
Banks saw the weakest gains, as it levelled up by 0.37%, as Al-Rajhi went up by 0.29% to SAR 62, while Al-Ahli decreased by 2.1% to SAR 42.
On the other hand, three sectors closed in red, led by investment which went down by 0.35%, as Kingdom fell by 2.11% to SAR 10.30.
As for the stocks performance, 128 stocks rose today, while another 38 declined, as Al Othaim Markets led the decliners and dropped 3.1% closing at SAR 86.
Dar Al Arkan was the most active in terms of traded volumes and values, with 145.46 million traded shares with a turnover of SAR 761.6 million, it rose by 6.24% and closed at SAR 5.45.
