By Majid Al Shabib

Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) delivered a bullish performance this week, as it gained more than 200 points, thus recording its biggest rise in seven weeks.

The main index rose 2.91% to close the week at 7,238 points.

The market liquidity increased by more than 5% to SAR 24.7 billion compared with the previous week.

Liquidity at the real estate sector climbed by 60% to reach SAR 2.5 billion, up from SAR 1.5 billion last week. Meanwhile, banks sector's liquidity fell by 6.3% to SAR 5.6 billion.

Sectors were collectively in green, topped by media and publishing that rose by 14.6%. It was followed by real estate that gained 6%, then agriculture that added 5.6%.

Tracking stock performance, SRMG was the best performer with a rise of 23.7% to reach its highest close since January, 2008. Makkah Construction also jumped by 19.6%. Meanwhile, Saudi Fisheries was the biggest drag, falling 6.3%.

Translated by Sayed Abdel Rahman