Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) concluded Wednesday’s session at a decline, following two straight gains, as six sectors were in the red led by telecoms and banks, amid retreating liquidity.
The general index shed 0.3% or 19.47 points and closed at 6,512.43 points, maintaining its position above the level of 6,500 points.
The telecom sector led losers, dropping 3.25% amid an all-stock decline led by Mobily which plunged 7.4% to SAR 29.50, while STC slipped 0.12% to SAR 60.50.
The banking sector was down 0.42%, weighed by Al Rajhi Bank and National Commercial Bank (NCB), which declined 0.53% and 1.15%, respectively, whereas Saudi British Bank (SABB) gained 1.08%.
On the other hand, the petrochemicals sector added 0.1%, backed by SABIC and SAFCO, which grew 0.09% and 0.44%, respectively; however, gains were trimmed by Yansab, which declined by 1%.
The cement sector added 0.33% backed by Saudi Cement and Yamama Cement which were up 1.43% and 3.32%, respectively.
The transport sector led risers, adding 1.93% as Saudi Ground Services Co. and United International Transportation surged 8.4% and 4%, respectively, whereas Bahri retreated 0.33%.
Liquidity fell to SAR 5.9 billion ($1.57 billion) on Wednesday from SAR 4.49 billion ($1.73 billion) on Tuesday. Similarly, traded volume was done to 314.15 million shares against 351.96 million the day before.
SABIC was the most active stock in terms of turnover, reaching SAR 565.28 million a total of 7.27 millin shares traded, whereas Al Inma, which was down 0.15%, was the most active in terms of traded volume with 36 million shares exchanged.
