By Mohamed Abu Meleeh:
Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) benchmark index TASI drifted lower 1.09% or 93.21 points to close at 8458.72 points.
Twelve sectors were in red, led by banks (-2.31%) after Al Rajhi Bank fell by 4.93%. Nine other banks in the sector moved lower, while BSF and SABB were up.
Three sectors were in green, topped by agriculture & food industries (+0.26%), retail (+0.07%) and petrochemical industries (+0.03%).
The petrochemical industries sector was buoyed by SABIC that advanced 1.62% amid forecasts the giant petrochemical producer will post its financial results early next week.
Yansab and Sipchem also went up 0.12% and 0.07% respectively, while the other 11 stocks in the sector went down.
Trading activity lost momentum across the board, as turnover amounted to SAR 8 billion, a decline by 5.07% from SAR 8.45 billion on Wednesday. It is 2.53% and 11.64% lower than the weekly and monthly averages of SAR 8.2 billion and SAR 9.1 billion in a row.
Traded volume decreased by 5.89% to 294 million shares from 312 million shares. It is 7.82% and 20.35% lower than the weekly and monthly averages of 319 million shares and 369.4 million shares.
31 stocks moved higher, compared with 107 stocks yesterday, while 118 stocks moved lower, compared with 35. SAICO was the top gainer (+9.2%), followed by Tawuniya (+5.37%) that announced turning profitable in the fourth quarter and 2014. Meanwhile, Bank Al Jazira was the biggest loser (-8.85%), followed by Arabian Shield (-8.04%), Amana Insurance (-5.07%) and Al Rajhi Bank (-4.93%).
Translated by Sayed Abdel Rahman
Photo Credit: Arabianeye-Reuters
Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) benchmark index TASI drifted lower 1.09% or 93.21 points to close at 8458.72 points.
Twelve sectors were in red, led by banks (-2.31%) after Al Rajhi Bank fell by 4.93%. Nine other banks in the sector moved lower, while BSF and SABB were up.
Three sectors were in green, topped by agriculture & food industries (+0.26%), retail (+0.07%) and petrochemical industries (+0.03%).
The petrochemical industries sector was buoyed by SABIC that advanced 1.62% amid forecasts the giant petrochemical producer will post its financial results early next week.
Yansab and Sipchem also went up 0.12% and 0.07% respectively, while the other 11 stocks in the sector went down.
Trading activity lost momentum across the board, as turnover amounted to SAR 8 billion, a decline by 5.07% from SAR 8.45 billion on Wednesday. It is 2.53% and 11.64% lower than the weekly and monthly averages of SAR 8.2 billion and SAR 9.1 billion in a row.
Traded volume decreased by 5.89% to 294 million shares from 312 million shares. It is 7.82% and 20.35% lower than the weekly and monthly averages of 319 million shares and 369.4 million shares.
31 stocks moved higher, compared with 107 stocks yesterday, while 118 stocks moved lower, compared with 35. SAICO was the top gainer (+9.2%), followed by Tawuniya (+5.37%) that announced turning profitable in the fourth quarter and 2014. Meanwhile, Bank Al Jazira was the biggest loser (-8.85%), followed by Arabian Shield (-8.04%), Amana Insurance (-5.07%) and Al Rajhi Bank (-4.93%).
Translated by Sayed Abdel Rahman
Photo Credit: Arabianeye-Reuters
Source:
Mubasher Exclusive
