The BMG Saudi Index saw another increase, ending yesterday’s session up by a strong 3.9 percent to close the last trading session in the week at 550.1 points. The market turnover surged by 22.6 percent to SR5.5 billion ($1.5 billion), compared to SR4.5 billion ($1.2 billion) recorded in Tuesday’s session.
The sectors ended yesterday’s session on a mixed note. The Telecommunications sector stood still, whilst the Agricultural sector descended by 1.2 percent. The Industrial sector was the best performer with 6.3 percent increase, whereas the Electricity sector went up by 3.6 percent. The Banking, Services, and Insurance sectors rose, by 1.7 percent, 1.3 percent, and 0.8 percent, respectively.
The leading shares, Saudi Basic Industries Corp. (SABIC) and Al-Rajhi Bank, maintained their positive performance, both rising by 7 percent and 1.6 percent to SR183.0 and SR109.0 per share, respectively.
