The BMG Saudi Index returned to negative territory in yesterday's session, reversing its positive performance in previous day's session. The Index closed at 494.61 points retreating by a slight 0.2 percent. The market turnover followed the Index's downtrend, and fell from Monday's levels, by 8.4 percent, to reach SR2 billion ($532 million).
The sectors ended yesterday's session with a mixed performance. The best performer was the agricultural sector, improving its closing level by 1.4 percent, whereas the other upward movers were the telecommunications, industrial, and the electricity sectors, with an increase of 1.2 percent, 0.1 percent and 0.03 percent, respectively, in their closing levels.
The worst performer was the insurance sector, with all its constituting shares witnessing losses, depreciating by 1.7 percent. Both the Services and the Banking sectors' closing levels deteriorated by 0.5 percent and 1.1 percent, respectively.
With regard to the performance of the shares, nine shares went up, while 12 descended. The Saudi Indian Company for Cooperative Insurance was the worst performer, moving down by 4.4 percent to SR71.25 per share. Saudi International Petrochemical Co.'s share recorded the best performance appreciating by 3.4 percent to SR38 per share. Al Rajhi Bank was amongst the negative performers, losing SR1 per share to end the session at SR82.25 per share, whereas SABIC's share price retained its previous closing price of SR139.75 per share.
© Arab News 2008
