By Mohamed Abu Meleeh
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) continued its losing run to the third successive session, as it closed Monday’s trading 1.3% or 94.67 points lower to reach 7,166.7 points. Thus, the bourse moved back to its lowest level in ten sessions.
The stock market shed 181% or 2.5% during the three-day decline.
Eleven sectors moved lower, led by media and publishing that dropped by 9.11% or 317.12 points, thus reversing a winning run in the last eleven sessions during which it gained 74.2% or 1,482.88 points.
The media sector witnessed today its second biggest turnover in the last eight years, which reached SAR 712.98 million.
The real estate sector came second, with a decline of 4.42%, then transportation (-1.55%) and telecommunication (-1.27%).
Meanwhile, four sectors moved higher, topped by industrial investment that rose by 0.35%.
The banks sector came on top in terms of turnover, with 17.5% of total liquidity. It was followed by media and petrochemical industries with 13.4% and 12.5% in a row.
Monday’s traded volume rose by 12.7% to 226.7 million shares from 201 million shares. Turnover increased by 9.9% to SAR 5.3 billion from SAR 4.8 billion.
Tracking stock performance, Metlife AIG was the top gainer (+9.74%), followed by Saudi Pipe (+3.9%) and Salama (+2.45%). Meanwhile, SRMG was the biggest loser (-9.82%), followed by Saudi Printing (-9.72%) and Paper (-9.69%).
Translated by Sayed Abdel Rahman
