By Mohamed Abu Meleeh

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s session 0.23% or 29.34 points lower at 9131.36 points.

The stock market remained in the green zone for most of the session, but was driven to the red area during the last half an hour of trading, during which the market saw rotating of stock liquidity.

Accordingly, traded volume rose 3.1% to 133.9 million shares from 129.9 million shares. Turnover also increased by 0.97% to SAR 4.37 billion from SAR 4.33 billion.

The market was pulled lower by oil prices that fell after media reports Greece voters rejected the bailout plan that included austerity measures. The voting results raised concerns about possible exit for Greece from the Eurozone.

Twelve sectors were down, led by media and publishing (-1.4%), the industrial investment (-1.25%) and hotel and tourism (-1.1%). Petrochemical industries also went down after nine of its listed stocks sagged.

104 stocks moved lower, mainly Salama (-4.26%), then SAICO (-3.34%) and Medgulf (-2.69%). However, 42 other stocks moved higher, topped by Umm Al Qura Cement (+4.73%), then Saudi Fisheries (+4.36%), Savola (+3.75%) and Alujain (+3.22%).

Translated by Sayed Abdel Rahman