Most of the major sectors closed in the green territory with Insurance sector remained at top reflecting a growth of 3.54 percent for the day. Banks & Financial Services sector accumulated more than 192 points to close at 17,051.85.
On the other hand, Cement sector performed worst and pared 50.61 points or 0.8 percent for the day.
Most of heavy weights closed in green; where Samba Financial Group surged by 1.98 percent, Riyad Bank 1.5 percent and SABIC (Saudi Basic Industries Corp.) 0.71 percent. Only Saudi Telecom Co. (STC) went down by 0.25 percent to close at SR40.
Share trading activity remained high on Wednesday. Total equity turnover at Tadawul reached SR14.8 billion compared to SR16.5 billion on the previous day, a decrease of 9.9 percent. Approximately 670 million shares changed hands, a 13.8 percent decrease over its previous daily volume.
Dar Al-Arkan Real Estate and Alinma Bank continued to dominate the trading activity for the second consecutive day on Wednesday. About 203.9 million shares of both stocks were transacted at Tadawul, which reflected a 30 percent relative market share.
There were 44 net advancing issues, a largely strong market breadth.
Insurance stocks secured their position as major gainers with Weqaya Takaful insurance and Malath Cooperative Insurance, rising by 9.93 percent and 9.65 percent respectively.
Qassim Agriculture was biggest loser of the day, down by 4.68 percent and closed at SR28.40.
