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Tadawul closes on negative note

Tadawul closes on negative note
(Photo credit: Arabianeye - Reuters)

By: Aseel bin Talib

Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) fell at Thursday’s close by 6.10 points or 0.09% to the level of 7,118 points.

Trading volume reached 313.4 million shares exchanged at SAR 5.3 billion through 131,000 transactions.

Markets analyst, Osama Al Sadamy, told Mubasher that the volatile performance will remain until the Federal Reserve meeting on 14 December.

The petrochemicals sector fell 0.48%, the energy and telecom sectors shrank by 0.23% and 0.11% respectively.

On the other hand, the banks sector grew 0.13%, the cement sector leapt 0.64% and the transportation sector advanced 0.36%. 

Al Alamiya for Cooperative Insurance topped gainers by adding 9.03%, while Abdullah Al Othaim Markets led decliners with a 3.77% fall.

Translated by: Elwy el-Manzalawy