Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) fell in the third week of December by 0.04% or 3.15 points to the level of 7,087.76 points, compared to 7,090.91 points last week.
The market capitalisation decreased by SAR 3.22 billion ($0.86 billion) to SAR 1.656 trillion ($441.52 billion), versus SAR 1.659 trillion ($442.38 billion) last week.
Trading volume declined 30% to 1.2 billion shares from 1.72 billion shares exchanged a week ago, turnover also shrank to SAR 21.25 billion from SAR 27.73 billion.
Seven sectors closed the week in red, topped by the investment sector after dropping by 2.62%, pressured by the fall in Kingdom Holding by 4.08% to SAR 11.99.
The petrochemicals sector slid 1.05% due as SABIC decreased 2.66% to SAR 91.93 and SAFCO declined 0.55% to SAR 74.80.
The banks sector fell 0.78% due to a drop of 1.38% and 2.02% in Al-Rajhi Bank and National Commercial Bank respectively.
On the other hand, the energy sector leapt 7.2% as Saudi Electricity and GASCO rose 7.2% and 6.1% respectively.
The telecom sector advanced 0.1% as STC grew 0.06% to SAR 72.54.
Saudi Ground Services led the week’s red list after falling by 8.4% to SAR 62.98, while Arabian Shield Cooperative Insurance topped gainers by adding 20.4% to SAR 35.50.
SABIC made the highest turnover of SAR 2.13 billion, while Dar Al Arkan Real Estate Development was the largest-traded stock with a volume of 274.5 million shares.
