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Tadawul extends, Nomu reverses early losses at Monday close

Tadawul extends, Nomu reverses early losses at Monday close
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) shed 0.04% or 2.88 points to 6,987.65 points at Monday’s close.

Traded value fell to SAR 2.63 billion ($701 million) on Monday compared to SAR 3.06 billion ($815 million) on Sunday.

Traded volume went down to 1769.67 million shares, up from 177.72 million shares.

The commercial services sector decreased 1.5%, followed by the food retailing sector by 1%.

On the other hand, the media sector rose 4.4%, followed by the consumer durables sector by 0.7%, respectively.

The telecom and material sectors closed in the red and shed 0.08% and 0.07%, respectively, while the banks went up 0.23%.

Al Yamamah Steel led losers and declined 3.6%, while Saudi Research and MArketing topped gainers and advanced 6%.

Moreover, the main index (NOMU) of Nomu-Parallel Market added 1% or 41.93 points to stand at 4,236.10 points.

Traded volume decreased to 62,580 shares, while values levelled down to SAR 1.65 million on Monday.

Development Works Food topped the best performers and hiked to 7.4% to SAR 87, while Al-Omran Industrial Trading led losers and slipped 1.9%.

Raydan was the most active in terms of traded values with SAR 500,180 while Arab Sea led the traded volumes exchanging 23,720 shares.