By: Aseel bin Taleb
Riyadh-Mubasher: The benchmark index of Saudi Stock Exchange (Tadawul) ended Thursday’s session falling 0.63% or 42.14 points to reach 6,695.26 points.
Tadawul’s liquidity increased to SAR 5.1 billion, while trading volume decreased to 231.8 million shares.
Twelve sectors closed in the red zone, dragged by the petrochemical industries which lost 1.52%, after SABIC dropped 1.3% to reach SAR 83.25. Meanwhile, three sectors ended the session in the green zone.
The falling oil prices have reflected negatively on Tadawul’s performance during Thursday’s session, in line with the US Fed officials announcing interest rate hikes in the coming month, said technical analyst Abdullah Al-Jabali.
Shares of 134 instruments closed in red, dragged by Amana Cooperative Insurance which levelled down by 4.42%; 31 shares were in the green zone, backed by Fawaz Abdulaziz Al Hokair which gained 7.23%; three shares remained unchanged.
Al Inma Bank was the most active stock on which 51 million shares were exchanged at a value of SAR 703 million; the stock fell by 1.15% to SAR 13.75.
Translated by: Ingy ElSafy
