Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance at the last week of the year, after two weeks of declines.
The main index rose 1.73% or 122.67 points to reach 7,210.43 points.
Market value gained SAE 26.26 billion ($7 billion) to reach SAR 1.682 trillion ($448.52 billion), compared to SAR 1.656 trillion ($441.52 billion) last week.
The hotel sector topped the gaining sectors and hiked 6.24%, supported by Al Tayyar Travel Group which levelled up 4.15% to SAR 36.66.
The petrochemical sector went up 1.85%, after Methanol Chemicals and National Petrochemical Company increased 15.4% and 11%, respectively, while SABIC and SAFCO shed 0.48% and 0.2%, respectively.
The banks sector added 1.63%, as the National Commercial Bank (NCB) and Al Rajhi Bank gained 3.62% to SAR 42.62 and 0.08% to SAR 63.09, respectively.
The telecommunication sector lost 0.71%, weighted by Mobily which fell 2.91% to SAR 23.09, while Zain KSA rose 2.22%.
Turnover increased 29% to SAR 27.4 billion ($7.3 billion) compared to SAR 21.25 billion ($5.67 billion) in the previous week, so that the average value of one session reaches SAR 45.48 billion.
Traded volume also added 28.25% to 1.55 billion shares compared to 1.21 billion last week, so that the average volume of one session reaches 310.57 million shares.
Tihama Advertising topped the weekly gains by a 32.29% increase to SAR 33.96, while Nama Chemicals led the losing stocks and declined 5.78% to SAR 6.20.
Al Inma Bank was the most active in terms of traded value of SAR 2.38 billion, adding 2.38%, while Dar Al Arkan was the most active in terms of traded volume trading 321.7 million shares, rising 6.21%.
