By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) rose on Monday by 1.14% or 78.67 points to close at 6,960.09 points, compared with 6,888.1 points yesterday.
Thus, the main gauge restored 38.9% of the losses seen yesterday which amounted to 202 points.
The index rise was spurred by a collective sectoral rise, mainly in industrial investment (+4.23%) and multi-investment (+3.03%).
The banks and petrochemical industries sectors accounted for 45.5 % of the market liquidity that reached SAR 4.7 billion. Meanwhile, insurance and media sectors controlled 9.2% and 6.6% of liquidity in a row.
Monday’s traded volume decreased by 11.9% to 232.6 million shares from 264.1 million. Traded value also went down by 7% to SAR 4.7 billion from SAR 5 billion. The number of executed transactions retreated by 17.9% to 94,900 from 115,700.
Atheeb stock was the best performer (+8.77%), followed by Ma’aden (+7.49%) and SAICO (+6.22%).
On the negative front, Al Babtain was the biggest drag (-3.99%), followed by Alinma Tokio Marine (-3.22%) and Al Sagr Insurance (-2.16%).
Translated by Sayed Abdel Rahman
