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TASI continues fluctuations; 3 sectors dominate 52% of liquidity

TASI continues fluctuations; 3 sectors dominate 52% of liquidity
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By Mohammed Abu Meleeh

Riyadh-Mubasher: Saudi Arabia’s stock market continued its fluctuations in terms of index performance and liquidity for the fourth consecutive session. The benchmark rose 0.39% or 28.73 points to 7,370.67, reversing Thursday’s downtrend.

Liquidity rose in the last three sessions and then fell to SAR 2.49 billion on Sunday, the lowest since 29 September when it totalled SAR 2.47 billion.  

Trading volume reached 102.7 million shares, the lowest since 13 August 2015 when it amounted to 101.6 million shares.

The banking, insurance and petrochemical industry sectors accounted for 51.9% of Sunday’s total liquidity.

Sectors rose, except for the industrial investment and real estate development which fell by 0.44% and 0.13%, respectively. The transport and hotel sectors were the top gainers, jumping 3% and 2.32%, respectively.

As for equities, gainers outperformed losers 119 to 37. Al-Alamiya led the way in gains, rocketing 9.86%, while Herfi was the major disappointment, falling 2.29%.

Translated by Abdul Maguid Aboshahla