By Majid Al Shabib
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) extended Thursday its bull run to the second successive day, recording its biggest one-day gains this week.
The market was mainly powered by petrochemical industries sector, in addition to real estate that rose by more than 2%.
The main index shut 1.16% or 80 points higher at 7,034 points.
The market liquidity reached SAR 5 billion, generated from exchanging 228 million shares in 101,000 transactions.
Sectors were mostly in green, except for media and publishing (-0.5%) and hotel and tourism (-0.4%).
The industrial investment sector topped the list of risers, with a jump of 3.4%, backed by Ma’aden that registered its strongest weekly performance in three years.
The real estate sector came second with a rise of 2%, followed petrochemical industries with a gain of 1.6%.
125 stocks moved higher, spearheaded by Red Sea Housing (+9.89%), then Ma’aden (+5.6%) and BCI (+5.3%).
On the negative front, 36 other stocks moved lower, led by Alinma Tokio Marine (-3.2%), then Al-Ahlia (-2.9%) and Sharqiya Dev. (-1.7%).
Translated by Sayed Abdel Rahman
