By Majid Al Shabib
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s session slightly lower, shrugging off the strong volatility seen in global bourses.
The main index lost 6 points, or 0.09% to close at 7,261 points.
Sunday’s turnover amounted to SAR 4.8 billion, which is the lowest in the last five sessions. Traded volume reached 201 million shares exchanged in 98,000 transactions.
Six sectors moved lower, led by hotel and tourism (-2.6%), then real estate development (-2.2%) after it saw continued profit taking for the second day.
The banks sector came third, with a decline of 1%, after its constituent stocks headed south collectively except for Bank Albilad that rose slightly.
The media and publishing sector led the way on gains, jumping 8% to extend the uptrend to the eleventh successive day. It was followed by multi-investment (+4.5%), then industrial investment (+3.8%).
90 stocks ended in green topped by SRMG, Kingdom Holding and Salam that soared by their maximum limits.
Meanwhile, 65 other stocks shut in red, led by Makkah Construction (-4.2%), then Al Tayyar (-2.9%) and Jabal Omar Development (-2.55%).
Translated by Sayed Abdel Rahman
