Tadawul extends losses on Monday

Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) fell 0.32% or 22.45 points to close at 6,967.98 points on Monday.

Traded value decreased to SAR 2.68 billion ($715 million) compared to SAR 2.96 billion ($789 million) on Sunday.

Traded volume also went down to 131.25 million shares from 153.54 million shares last session.

The capital goods sector led the worst performers and declined 1.35%, affected by Tasnee which went down 1.7% to SAR 17.40.

The banks sector shed 0.88%, weighted by Al Rajhi Bank and the National Commercial Bank (NCB) which lost 0.65% to SAR 63 and 1.28% to SAR 38.50, respectively.

The material sector also inched down 0.35%, after SABIC and SAFCO slipped 0.17% to SAR 96.75 and 1.12% to SAR 66.50.

The real estate development sector led the green zone and gained 0.93%, after Makkah Construction and Red Sea Housing rose 1.9% and 3.16%, respectively.

The telecom sector added 0.73%, backed by Saudi Telecom Co (STC) which went up 1.52% to SAR 67.50.

On the stock level, Al Hokair topped losing shares and fell 2.73% to SAR 32.10, while Red Sea Housing led gainers and increased 3.16%.

Alinma bank was the most active stock in terms of traded values and volumes with 18.5 million shares exchanged at a value of SAR 276.94 million. The stock decreased 0.73% to SAR 14.90.

MUBASHER Contribution Time: 03-Apr-2017 13:02 (GMT)
MUBASHER Last Update Time: 03-Apr-2017 13:23 (GMT)