By: Mohammed Idris
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) ended Sunday’s trading session in the red zone, losing 0.6% or 35.91 points, closing at the level of 5,913 points.
The market’s traded value was lower than expected thanks to pressure from various sectors such as building and construction, real estate development, and hotels, financial analyst Emad Alrashid told Mubasher.
The petrochemicals sector is also effected by oil prices, with negative expectations towards the next OPEC meeting on Wednesday, he added.
All the sectors declined except for energy, telecom, and industrial investment wich grew 3.02%, 1.43%, and 0.39% respectively.
Meanwhile, hotels and tourism led the declining sectors with 1.86%, followed by real estate development, and petrochemicals which lost 1.82% and 1.72% respectively.
A total of 122 million shares were traded today with a turnover of SAR 2.1 billion, through 51,000 transactions, with 123 stocks declining and other 43 rising.
Takween led the session’s gainers and surged 9.8% closing at SAR 14.25, followed by Zain with 9.3%.
Extra was today’s biggest loser by dropping 3.55% and closing at SAR 21.75.
Al Inmaa Bank saw the biggest traded volume with 31 million shares, while SABIC registered the highest turnover at SAR 397 million.
Translated by: Moslem Ali
