By: Mohamed Idris
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s session on a positive note.
The main index rose 1.58% or 95 points to stand at 6,071 points.
The benchmark witnessed a rebound at the end of Thursday’s session after reaching the support levels of 5,930 points, which gave a push for an upward performance in today’s trading, technical analyst, Ryan Al-Kharashi, said.
He expected that Tadawul would continue in the upward performance, noting that there is a resistance level at 6,078 points and if the market succeeded to pass it and stand above, it may target the levels of 6,127 – 6,154 points.
More than 153 million shares were traded at a value of SAR 2.5 billion, distributed over 64,000 transactions.
On the stock level, 164 shares levelled up, while only 4 levelled down.
The energy and utilities sector topped the best performers rising 4.81%, followed by the multi-investment and cement sectors which advanced 3.56% and 2.84%, respectively.
Saudi Real Estate Company (Akaria) led the gaining stocks increasing 8% at SAR 21.55, followed by Saudi Industrial Services Co. (SISCO) which gained 9.7% at SAR 15.80.
On the other hand Arabian Shield Cooperative Insurance Company topped the worst performers decreasing 1.63% at SAR 24.20, followed by Saudi Transport and Investment (Mubarrad) and Saudi Telecom Company’s (STC) which shed 0.21% and 0.05% to SAR 57 and SAR 57.75, respectively.
Alinma Bank was the most active in terms of traded volume and value with 44 million shares exchanged at SAR 565 million.
Translated by: Sara Ghali
