By: Thabet Shehata
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) rose 1.11% or 62.7 points to reach 5,963.96 points by the week ended 13 October as compared to the previous week when it closed at 5,631.26 points.
Tadawul’s market cap increased by SAR 9.37 billion ($2.5 billion) to reach SAR 1.348 trillion ($359.6 billion) this week as compared to SAR 1.339 trillion ($357 billion) in the prior week.
The tourism and hotel sector topped the gainers during the week with a rise of 7%, in line with the growth of Al Hokair and Al Tayyar with 19.74% to SAR 26.99 and 6.35% to SAR 27.65 respectively.
The petrochemical segment went up 1.11%, on the back of SABIC and Safco which gained 0.17% to SAR 84.39 and 1.7% to SAR 65.85 respectively.
Meanwhile, the cement sector led four decliners with 3.4%, dragged by Saudi Cement which lost 5.08% to reach SAR 50.31.
The banks sector retreated 0.16%, in line with the fall of Al Rajhi which dropped 0.68% to SAR 51.45.
Over the week, liquidity shrank 92.4% to SAR 14.83 billion ($3.96 billion), while trading volume decreased 1.4% to 1.09 billion shares.
Solidarity was the top winner this week with gains of 22.2% to SAR 7.05, while Takween headed the losers with a drop of 10.86% to SAR 11.90.
Al Inma recorded the highest turnover that amounted to SAR 1.64 billion in line with rising 5.26% to SAR 12.
Dar Al Arkan was the most active stock over the week with 200.26 million shares traded. The stock fell 4.86% to SAR 4.70.
