Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance in the second week of May, backed by the banks and petrochemical sectors.
The general index rose by 0.58% or 38.4 points to reach 6,694.82 points, closing the week ended 12 May, as compared to 6,656.41 points in the previous week which ended 5 May.
Ten sectors were in the green zone, topped by media and publishing which grew 14%, followed by the industrial investment which rose by 4.13%. Similarly, both the banks and petrochemical sectors leveled up by 0.77% and 0.59% respectively.
Five sectors reached the red zone, dragged by the real estate development which lost 1.4%, followed by the multi-investment sector which retreated 1.32%. The telecom sector lost 0.92% over the week.
This week, Saudi Research and Marketing Group was the top winner by 19.77% to reach SAR 48.17, while Knowledge Economic City led the losers by a decline of 5% to close at SAR 13.61.
Tadawul’s liquidity decreased by 4% to SAR 28.96 billion ($7.72 billion) this week as compared to SAR 30.15 ($8.04 billion) in the previous week.
Trading volume shrank to 1.5 billion shares, from 1.72 billion a week ago; a decline of 13.14%.
SABIC recorded the highest turnover of SAR 3.78 billion which accounted for 13% of the overall liquidity.
Al Inma Bank was the most active stock on which 235.68 million shares were traded over the week.
