By: Majed Al Shabeb
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) was stable at the end of Monday's trading.
The main index shed 0.25 points to stand at 6,071 points, with a turnover of SAR 2.6 billion.
Although the small and medium enterprises (SMEs) rose in today's session, but the leading stocks contributed in balancing the market, except for Al Rajhi Bank's gains which increased 1.2%.
The market performance today is considered to be positive, as it is preferable to give it a space to establish a technical base after the huge retreats it witnessed, technical analyst Faisal Al Omar said.
He added that the market liquidity is expected to increase in the upcoming period to exceed SAR 3 billion, following the creation of the base.
The market rebound shortly well be considered normal since the index is above the level of 5,800 points, the analyst told Mubasher.
The petrochemical sector led the best performers adding 0.39%, followed by the multi investment sector which rose 0.34%.
On the other hand, the media topped the worst performers decreasing 1.27%, followed by the energy sector which shed 0.88%.
On the stocks level, 60 shares levelled up, while 103 shares levelled down.
Aldrees Petroleum & Transport Services topped the gaining stocks advancing 7.8%, followed by Saudi United Cooperative Insurance Co. (Walaa) and Saudi International Petrochemical (Sipchem) which increased 5.6% and 5.5%, respectively.
Abdullah Abdul Mohsen Al Khodari Son came on top of losing shares slipping 3.45%, followed by Etihad Atheeb Communication “Go” and Saudi Industrial Services Co. (SISCO) which fell 2.3% and 2.2%, respectively.
Translated by: Sara Ghali
