The BMG Saudi Index witnessed a third consecutive increase this week, with yesterday’s session advancing by 1.4 percent to close at 414.68 points. However, the total value traded registered another decline, of 13.7 percent, to reach SR1.22 billion ($325 million), versus SR1.41 billion ($376 million) on the previous session.
For the second day in a row, the Industrial sector was able to keep the Index going up, with the sector adding 1.6 percent. The services sector also went up marginally by 0.03 percent. The rest of the sectors witnessed losses, the highest of which was attained by the Insurance sector which plunged by 5.6 percent. The agricultural sectors followed, recording a 0.4 percent decrease.
SABIC, the Index’s largest cap stock was the main contributor to the Index’s advance. It recorded a notable 2.3 percent increase in its share price to close at SR131.5 per share.