The BMG Saudi Index was able to maintain its positive performance yesterday, after a downtrend seen earlier in the week. The index advanced by 1 percent, closing at 491.5 points, in the last trading session of this week. The market turnover also increased, to reach SR4 billion ($1.1 billion), up by 6.4 percent.
The BMG index’s increase this week was attributed to the strong performance of four sectors: the banking sector, appreciating by 2.7 percent; whilst the insurance, electricity, and industrial sectors went up by 2.6 percent, 1.9 percent, and 0.5 percent, respectively. Three sectors, on the other hand, were out of favor: the agricultural sector, declining by 2 percent, the services sector, by 1 percent, and the telecommunications sector, declining by 0.7 percent. Al-Rajhi Bank and Saudi Basic Industries Corp. (SABIC) both saw increases in their share prices by 2.9 percent and 1.1 percent, respectively, to SR98.25 and SR156.25, per share. The best performer in yesterday’s session was Allied Cooperative Insurance Group, going up by 9.9 percent to SR89.25 per share, whilst the worst performer was Qassim Agriculture Co., with a 2.7 percent decrease to SR17.75, per share.
