By Majid Al Shabib
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) shut Sunday’s session 1.5% or 97 points lower at 6,126 points.
The market liquidity fell to SAR 4.03 billion – its lowest level since 3 January – signaling no impact from the introduction of the new trading hours.
A total of 212.4 million shares were exchanged in 111,000 transactions.
The market was driven lower by forecasts the infeasibility of an agreement on fixing oil output in the upcoming meeting of oil producers in Doha this month, said technical analyst Mohamed Al Ghamidi.
Thirteen sectors were down, led by media and publishing (-6%), then insurance (-3.89%) and telecom (-3.2%).
Transportation and industrial investment moved higher by 0.77% and 0.62% respectively.
12 stocks were in green, topped by AXA Insurance (+5.7%), followed by Aljazira Takaful (+5.2%) and Ma’aden (+4%). Meanwhile, 156 other companies were in red, led by Gulf Union (-10%), Alahliya (-10%) and Buruj (-10%).
