By Thabet Shehata
Riyadh – Mubasher: Saudi Stock Exchange, or Tadawul, was down on Wednesday, extending yesterday’s losses.
The market was driven lower by the fall of nine sectors led by banks and petrochemical industries.
Meanwhile, six other sectors moved higher topped by energy that added 0.88% backed by SEC (+0.92%) and GASCO (+0.14%).
The main index shut 0.32% or 20.7 points lower at 6,461 points.
The banks sector was off 0.42% due to NCB (-1.07%), Samba (-1.88%) and Banque Saudi Fransi (-2.2%). Meanwhile, Al Rajhi Bank, Riyad Bank and Alinma Bank rose by 0.43%, 0.44% and 0.3% respectively.
The petrochemical industries sector shed 0.31% dragged down by SABIC, Sipchem, SAFCO and Chemanol.
The cement sector advanced by 0.41% after six of its constituent stocks moved higher mainly Hail Cement.
Today’s market’s traded value increased to SAR 5.25 billion ($1.4 billion), from SAR 6.638 billion ($1.77 billion) on Tuesday. Traded volume declined to 307.72 million shares, from 364 million shares.
Giant petrochemical firm SABIC was the top active with a traded value reaching SAR 627.73 million, or 12% of the market’s total liquidity.
Translated by Sayed Abdel Rahman
