The BMG Saudi Index ended yesterday’s trading session on a positive note. The index increased by 0.8 percent to 521.78 points. The market turnover surged by 10.5 percent to SR4.2 billion ($1.1 billion) compared to SR3.8 billion ($1.0 billion) in the previous session. Most of the BMG Saudi Index’s sectors went up, with the exception of the banking and agricultural sectors, which dropped by 0.3 percent and 0.1 percent, respectively, while the electricity sector stood still at its previous closing level. The industrial sector ended the session, advancing by 1.3 percent, whereas the services sector recorded a 1.4 percent growth in its closing level. The telecommunications sector also rose by 0.3 percent, whilst the insurance sector was the best performer, moving ahead by 2.6 percent, respectively.
Out of the 30 constituting shares of the BMG Saudi Index, the prices of only seven shares descended. The best performer in yesterday’s session was Allied Cooperative Insurance Group, whose share price advanced by 6 percent to SR97.5. Saudi Basic Industries Corp. (SABIC) saw its shares ascend by 1.9 percent to SR165.5, while Al-Rajhi Bank registered a 0.3 percent decrease in its share price to SR101.75.
