Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday on a negative performance.
The main index fell 1.12% or 68 points to stand at 6,027.89 points.
Turnover rose to SAR 2.96 billion ($790 million), while traded volume reached 161 million shares.
The energy sector was the only gainer adding 0.6%, backed by Saudi Electricity Company’s (SEC) that increased 0.78% to SAR 19.30.
The industrial investment sector topped the worst performers losing 4.05%, on the back of Al Hassan Ghazi Ibrahim Shaker Company and Filing and Packing Materials Manufacturing Co. (FIPCO) which dropped 7% and 6.3% to SAR 17.05 and SAR 38.90, respectively.
The banks sector decreased 1.1%, weighted by Al Rajhi Bank and National Commercial Bank (NCB) which shed 0.72% and 0.81% to SAR 55 and SAR 35.70, respectively.
The petrochemical sector was down 0.73%, affected by Saudi Basic Industries (SABIC) and Alujain Corporation which levelled down 0.23% and 4.08% to SAR 83.75 and SAR 13.65, respectively.
The telecommunication sector lost 0.22%, after Mobily and ZAIN decreased 3.2% and 0.74%, respectively.
On the other hand, Saudi Telecom Company (STC) and Etihad Atheeb Communication “Go” gained 1.36% and 0.53%, respectively.
Red Sea Housing Services topped losers by dropping 9.91% to SAR 24, followed by Wataniya Insurance which declined 9.88% to SAR 24.25.
Makkah Construction and Development Co. led the best 23 performing stocks advancing 2.13% at SAR 84.
Al Inma Bank was the most active stock in terms of trading value and volume, trading 57.6 million shares at a value of SAR 747.95 million. The bank closed at SAR 12.70, falling 2%.
