The BMG Saudi Index started this week on a positive note, registering a 0.6 percent increase to close at 497.6 points. The market turnover also recorded an increase by 21 percent to SR4.3 billion ($1.2 billion). Such a positive start is mainly attributed to the increase in the largest cap stock, Saudi Basic Industries Corp. (SABIC), by 0.8 percent to SR158 per share
The sectors closed yesterday’s session on a mixed note. The Industrial sector moved ahead by 0.6 percent, and the Insurance sector outperformed all by advancing by 2.7 percent. However, the Services and Agricultural sectors declined by 0.3 percent and 0.4 percent, respectively.
Out of the 30 shares in the BMG Saudi index, 22 witnessed gains, while 5 went down and 3 remained unchanged. The worst performing share was Eastern Agriculture, which fell by 3.6 percent to SR74, and the best performer was MedGulf Insurance, with 9.9 percent upward movement to SR52.75.
