By: Mohamed Idris
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed on a positive performance on Sunday.
The main index rose 1.28% or 77.22 points to stand at 6,099 points.
The rise of the index was highly affected by the banks, real estate and petrochemical sectors which added 31, 13 and 10 points, respectively, the financial advisor Ali Al Jaafri said.
He added to Mubasher that the negative performance is still controlling the market, and it is important for the index not to break the support level of 5,930 points.
The analyst expected that Tadawul will continue recording weak turnovers such as today’s SAR 2.45 billion.
Turnover fell 11% to SAR 2.4 billion from SAR 2.7 billion in the previous session, distributed over more than 59,000 transactions, while traded volume reached 147 million shares from 139 million shares yesterday.
The insurance sector topped the best performers rising 2.45%, followed by the hotels and real estate development sectors which grew 2.19% and 2.06%, respectively.
MetLife AIG ANB Cooperative Insurance led the gaining stocks advancing 10% to SAR 19.20, followed by Wataniya Insurance which added 6.9% to SAR 22.60.
On the other hand, Abdullah Al Othaim Markets led the worst performers losing 3.13% to SAR 84.50, followed by Basic Chemical Industries Company (BCI) and Etihad Atheeb Communication “Go” shedding 0.99% and 0.84% to SAR 32 and SAR 3.55, respectively.
Alinma Bank was the most active in terms of traded volume and value with 53 million shares exchanged at SAR 677 million.
Translated by: Sara Ghali
