Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading in the green zone for the third session in a row, making its highest gain in December, after the announcement of the 2017 Saudi public budget.
Tadawul All Share Index (TASI) gained 1.46% or 103.19 points and closed at the level of 7,190.95 points, making a great step towards returning to the level of 7,200 points.
The Kingdom’s public budget was revealed on Thursday, it showed an expected deficit of SAR 198 billion compared to an actual deficit of SAR 297 billion in 2016.
TASI’s gains were accompanied by an increase in traded values which reached SAR 5.54 billion ($1.48 billion) compared to around SAR 4 billion ($1.06 billion) last session, while traded volumes reached 319.3 million shares up from 235.11 million shares on Thursday.
As for the sectors performance, all closed in red, with the energy sector leading and jumping 7.76%, as Saudi Electricity surged 9.07% to SAR 23.25, while GASCO increased by 0.12% to SAR 32.9.
The petrochem sector added 2.19%, as SABIC grew 0.89% and closed at SAR 92.75, while SAFCO lost 0.4% and closed at SAR 74.75.
Similarly, the banks sector levelled up 0.16%, as Al-Rajhi and Al-Ahli gained 0.3% and 2.12%, closing at SAR 63.25 and SAR 42 respectively.
The telecom sector index saw the smallest gains as it edged up 0.3%, as STC increased by 0.29% to SAR 72.75, while Mobily slipped 0.04% to SAR 24.70.
On the other hand, as for the stocks performance, 162 closed in green as Tihama lead the session’s gainers and surged 9.86%, while only 8 stocks closed in red, led by SADAFCO which lost 1.79%
Dar Al Arkan was the most active in traded volumes with 53.2 million shares, while Alinma registered the highest turnover at SAR 545.6 million.
