By Thabet Shehata
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading in the red zone for the third session in a row, reaching its lowest level in three months.
The main index dropped 1.71% or 108.26 points, closing at the level of 6220.29 points.
Total turnover increased to SAR 3.29 billion ($877 million) from SAR 2.99 million ($797 million) last session. Traded volume also rose to 193 million shares, compared to 150.8 million on Tuesday.
All sectors closed in the red zone, with hotels and tourism leading the decliners with 3.38%, as Al Tayyar lost 2.53%.
The petrochemicals sector dropped 2% with SABIC and SAFCO declining 2.14% and 3.67% respectively.
Similarly, the banking sector lost 1.42%, as Al Rajhi and Al Ahli decreased 0.89% and 0.76% respectively.
The real estate development sector came in last as it levelled down 0.7%.
Today’s biggest loser was Aslak which dropped 6.45% closing at SAR 26.2, followed by Al Khaleej Training and Education with 5.91%.
Only 7 stocks closed in a rise on Wednesday, and Saudi Steel Pipe was the top gainer with 5.42%.
SABIC registered the highest turnover with SAR 537 million, while Inmaa was the most active in terms of traded volume with 38.76 million shares.
Translated By:Moslem Ali
