By: Thabet Shehata
Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) resumed its weekly gains, amid a semi-collective rise in the sectors led by the real estate development one.
The general index gained 1.82% or 118 points to close at 6,606.92 points in the week ended 9 June, compared to 6,488.79 points a week earlier.
Turnover grew 31.2% to SAR 21.77 billion ($5.8 billion) this week, compared to SAR 16.6 billion ($4.4 billion) last week.
Trading volume reached 1.38 billion shares, compared to 857 million shares.
The real estate development sector rose 6.4%, backed by Dar Al Arkan and Emaar the Economic City (Emaar EC) which gained 20.84% and 10.3% respectively.
The industrial investment sector was the only loser with a 1% decline.
The petrochemical industries sector advanced 1.36% as Sabaek Invest Company climbed 0.01% to SAR 82.57 and Saudi Arabian Fertilisers Company (SAFCO) grew 3.11% to SAR 63.96.
The banks and financial services sector went up 0.83% due to a rise in Al Rajhi Bank and National Commercial Bank (NCB) by 0.41% and 0.02% to SAR 58.55 and SAR 41 respectively.
Al Inma Bank was the most active stock and value leader after generating SAR 3.86 billion from the exchange of 290.86 million shares.
Translated by: Julian Nabil
