By: Majid Al-Shabib
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) ended Sunday’s session with a slight fall, despite downgrading the kingdom’s credit rating from (AA3) to (A1) by Moody’s.
Turnover neared SAR 5.3 billion through exchanging 251 million shares through 122,000 transactions.
SAPIC made the highest liquidity of SAR 599 million, followed by Alinma Bank (SAR 569 million) and Maaden (SAR 293 million).
Markets analyst, Khaled Al-Ghamdi, suggested that Maaden’s gains led the index to close in green.
“Despite the weak performance, the index remains above 6,658 points, which represents important support levels,” Al-Ghamdi said.
The media and publishing was the best performing sector after adding 2.2%, while building and construction was the worst with a fall of 0.80%.
Al-Rajhi Bank headed gainers by rising 9.6%, while Saudi Company for Hardware (SACO) topped losers after dropping 4.5%.
Translated by: Elwy el-Manzalawy
