Tadawul rises 1.4%, liquidity nears 8-month low

 

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Tuesday, the last trading session in May, at rise of 1.39%, adding 88.51 points to 6,448.42 points.

Today’s gains were accompanied by retreating liquidity, which reached SAR 3.15 billion, down 6.7% from SAR 3.39 billion on Monday, whereas the lowest the level was recorded on 4 October 2015 and reached SAR 2.49 billion.

Traded volume retreated to its lowest level since 4 October, reaching 158.38 million shares executed through 85,300 trasactions.

Tadawul saw an all-sector rise, led by transport and petrochemicals which gained 3.21% and 2.62%, respectively. Industrial investment and real estate development were added 2.46% and 2.38%, respectively.

A total of 157 stocks ended the session in the green, while 11 were in the red and Riyad Bank remained stable.

Saudi Steel Pipe topped gainers, surging 9.94%, while Yansab and Yamamah Steel Industries, grew 6.65% and 6.57%, respectively, whereas Arabia Insurance Cooperative led fallers, shedding 1.78%.

Mubasher Contribution Time: 31-May-2016 15:09 (GMT)
Mubasher Last Update Time: 31-May-2016 15:09 (GMT)