By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) closed Monday’s session on a positive note, unhurt by pressures from petrochemical stocks mainly SABIC.
The market fluctuated during the session, weighed by banks, real estate development and telecoms.
The main index inched higher by 0.09% or 4.71 points to 5,525 points.
The petrochemical industries sector shut 2.3% lower at 3,400 points. SABIC fell by 2.47%. The banks sector rose 0.47% to 13,216 points.
Nine sectors were in green topped by energy (+5.01%), then multi-investment (+4.94%), telecommunications (+3.62%) and real estate development (+1.62%).
Meanwhile, six sectors were in red led by transportation (-5.4%) after profit-taking operations on Bahri that slumped by 9.11%.
Today’s traded value rose 28.6% to SAR 6.77 billion from SAR 5.27 billion. Traded volume increased by 44.9% to 449 million shares from 310 million shares.
93 stocks moved higher spearheaded by Mubarrad (+10%), Shams (+9.93%) and Kingdom Holding (+9.85%). Meanwhile, 67 other stocks moved lower led by Alalamiya Insurance (-9.79%), then Saudi Pipe (-9.66%), Kayan (-9.62%) and Bahri (-9.11%).
Translated by Sayed Abdel Rahman
