Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) continued its gains for the fourth successive week, backed by the rise of main sectors led by the banks and financial services, and petrochemical industries sectors.
The main index rose 1.54% or 100.83 points in the week ended 17 November to reach 6,628.88 points, compared to 6,528.05 points last week.
Market capitalization rose by SAR 19.68 billion ($5.25 billion) to reach SAR 1.543 trillion ($411.53 billion) this week, compared to SAR 1.523 trillion ($406.28 billion) last week.
Turnover grew 10% to SAR 28.3 billion ($7.55 billion) this week, compared to SAR 25.7 billion ($6.86 billion) last week. Trading volume increased 10.5% to 1.9 billion shares, compared to 1.73 billion shares.
The media and publishing sector was the best performer with a 31% rise, backed by Saudi Research and Marketing Group, and Saudi Printing and Packaging which added 36.78% and 23.57% to SAR 31.39 and SAR 17.46 respectively.
The REITs sector went up 20% as Riyadh REIT rose to SAR 12.01.
The petrochemical industries sector rose 1.55% as Advanced Petrochemical, National Industrialization Co. and Saudi Basic Industries Corp went up 9%, 7.88% and 0.81% respectively to reach SAR 19.01, SAR 16.98 and SAR 86.03 respectively.
On the flipside, the hotel and tourism sector led losers after falling 1.98% as Al Tayyar Travel Group Holding and Fawaz Abdulaziz Al Hokair Co. sank 2.6% and 3.97% to reach SAR 32.53 and SAR 27.81 respectively.
Dar Al Arkan, which fell 1.6 to SAR 5.50, was the value leader after generating SAR 3.3 billion from the exchange of 589 million shares.
