Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) added 0.04% or 2.55 points to stand at 5,884.99 points on Wednesday.
Traded value rose 5.4% to SAR 3.27 billion on Wednesday from SAR 3.11 billion on Tuesday.
The banks sector led the market’s gains advancing 1.23%, followed by the energy and media sectors which increased 2.13% and 0.49%, respectively.
On the other hand, the petrochemical sector shed 0.77%.
The National Commercial Bank (NCB) supported the banks sector increasing 4.95% to SAR 40.3, followed by Al Rajhi Bank which added 0.51% to SAR 55.5.
The rise of the banks sector is coinciding the statement of the Saudi finance minister, Ibrahim Al-Assaf, who stated that the Saudi Arabia’s financial position remains strong despite the domestic, economic, financial and global current challenges.
Saudi Indian Company for Cooperative Insurance Company (Wafa Insurance) topped the best performers hiking 5.36%, followed by NCB and Zain KSA which advanced 4.95% and 4.55%, respectively.
On contrary, Saudi Marketing (Farm Superstores) led the worst performers falling 4.30%, followed by Dar Al Arkan and Takween which lost 3.88% and 3.67%, respectively.
