Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s session at a decline, its second in a row, pressured by the banking sector’s Alrajhi amid continued low turnover.
The general index shed 0.31% or 20.6 points and closed at 6,532.42 points, maintaining its position above 6,500 points.
The media and publishing sector led losers, falling 2.2% as all stocks in the sector were in the red led by Tihama Advertising, which retreated 2.94% to SAR 32.30. The real estate sector came in second, shedding 1.12% as Dar Al Arkan and Jabal Omar lost 1.52% and 1.5%, to SAR 5.85 and SAR 62.50, respectively.
The banking sector was down 0.55% after Alrajhi declined 0.6% to SAR 58.50, whereas National Commercial Bank (NCB) grew 0.15% to SAR 40.
The cement sector slipped 0.1% as Saudi Cement lost 0.95% to SAR 61.75, whereas Al Yamamah Cement gained 0.4% to SAR 27.30.
On the flipside, the telecom sector gained 0.41% as STC and Mobily added 0.25% and 0.50% to SAR 64.75 and SAR 28, respectively.
The petrochemical sector edged up 0.02% as SABIC and SAFCO increased 0.21% and 0.78% to SAR 82.25 and SAR 61, respectively.
Turnover reached SAR 2.97 billion ($809 million) on Wednesday, up from SAR 2.94 billion ($800 million) in the previous session, whereas traded volume reached 171.3 million shares, up from 158.73 million shares on Tuesday.
