By: Thabet Shehata

Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) levelled up by 0.12% or 8.9% to end Sunday’s trading session at 7,140.18 points; the third growth in a row and the highest level since 29 January.

A positive upward trend is expected for Tadawul which targets the 7,250-point level, capital market analyst Muhammad Al-Maymouny said.

He noted that the coming support level will be at a 7,000-point level, to be followed by 6,950 points; the resistance level is foreseen at 7,250 and 7,400 points respectively.

Liquidity decreased to SAR 3.41 billion ($909 million) from SAR 3.7 billion ($987 million) in the previous session, and trading volume shrank to 195 million shares from 210.85 million.

The food retail sector was the top gainer with 1.45%, topped by Anaam International Group Holding which grew by 9.94%.

The basic materials sector led the decliners with 0.19%, dragged by Safco which lost 0.41% to total SAR 71.25.

Anaam was the top winner, while Cooperative Insurance led the losers with 2.13% to SAR 116.50.

Al Inma Bank was the most active stock on which 310.53 million shares were exchanged. The stock ended the session higher by 0.61% to SAR 14.85.