Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw a negative performance for the third successive week, weighed down by the decline of most main sectors amid lower turnover.
The general index fell 1.42% or 99.82 points to reach 6,916.84 points in the week ended 9 March 2017.
The consumer services sector fell 7% as Al Tayyar and Al Hokair Group decreased 13.3% and 22% respectively.
The materials sector went down 1.62% due to a decline in SAFCO and SABIC to SAR 70.25 and SAR 96.47 respectively.
The banks sector slid 1.3% as Al Rajhi Bank and National Commercial Bank (NCB) retreated 1.2% and 2.4% to SAR 62.98 and SAR 39.98 respectively.
The telecom sector tumbled 0.95% as Mobily and Zain went down 2.6% and 2.47% respectively. However, Saudi Telecom rose 0.15%.
On the other hand, the healthcare equipment and services rose 1.26% as Mouwasat Medical Services grew 5.07% to SAR 147.88.
Turnover amounted to SAR 18 billion ($4.8 billion) this week, compared to SAR 19.87 billion ($5.3 billion) last week. Trading volume reached 891.83 billion shares, compared to 178.37 million shares.
Emaar the Economic City was the worst performer with a 10.57% decline to SAR 17.51, while Mouwasat was the top gainer after adding 5% to SAR 147.88.
Al Inma Bank was the value leader and most active stock after generating SAR 1.76 billion from the exchange of 121 million shares.
