Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) witnessed gains in the week ended 1 December, maintaining its uptrend for the sixth successive week.
The general index rose 4.37% or 297 points to reach 7,093.66 points.
Market capitalisation rose by SAR 73.29 billion ($19.54 billion) to reach SAR 1.66 trillion ($442.92 billion) this week, compared to SAR 1.59 trillion ($423.37 billion) last week.
All sectors saw a positive performance except the real estate investment trust (REITs) sector which fell 0.87%, while the multi-investment sector topped gainers with a 8.78% rise.
The retail sector rose 8.2%, while the petrochemical industries, telecom, and banks and financial services sectors went up 6.43%, 4.32% and 1.29% respectively.
Liquidity fell 9% to reach SAR 29.4 billion this week, compared to SAR 32.28 billion ($8.6 billion) last week. Trading volume declined 3.2% to 1.77 billion shares, compared to 1.8 billion shares.
Saudi Arabia Refineries Co. rose 19.46% to SAR 40.57, while National Gas and Industrialisation Co. was the worst performer after declining 2.4% to SAR 29.28.
Dar Al Arkan Real Estate Development, which went up 4.4% to SAR 5.95, was the most active stock after generating SAR 2.84 billion from the exchange of 483.7 million shares.
