Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed in red on Wednesday for the seventh session in a row to reach its lowest level in two months.
The main index shed 0.61% or 39.24 points to stand at 6,431.58 points.
Saudi Basic Industries Corp. (SABIC) ended in green rising 1.94% to SAR 85.25 through trading 7.7 million shares at a value of SAR 647.4 million, to be the most active stock regarding turnover.
Turnover reached SAR 3.44 billion ($917 million) compared SAR 2.75 billion ($733 million) on Tuesday.
Traded volume rose to 172.25 million shares from 142 million shares yesterday.
Saudi Investment Bank (SAIB) went up 0.83% to SAR 12.10 through exchanging 14.04 million shares with a turnover of SAR 169.93 million over 29 transactions.
The transportation sector topped losers slipping 2.4%, on the back of National Shipping Company of Saudi Arabia (Bahri), which lost 2.53% to SAR 38.9.
The banks sector also decreased 1.46%, affected by Al Rajhi Bank and the National Commercial Bank, which were down 1.72% and 2.62% to SAR 57 and SAR 37.50, respectively.
The telecommunication sector levelled down 1.9%, weighted by Mobily and Saudi Mobile Telecommunications Co. (Zain KSA) losing 5% and 1.73%, respectively.
On the other hand, Saudi Telecoms rose 0.23%, while Etihad Atheeb Communication “Go” remained unchanged.
The insurance sector topped gainers increasing 2.55%, backed by Bupa Arabia for Cooperative Insurance adding 8.9% to SAR 139.50.
The petrochemical industries sector also grew 0.92% by a direct support from SABIC, followed by Saudi Arabian Fertilisers Company’s (SAFCO), which gained 1.3% to SAR 59.75.
