From: Thabet Shehata
Riyadh - Mubasher: The Saudi Stock Exchange (Tadwul) dropped 3.04% or 197.7 points, closing at 6302.17 points in July.
The benchmark index lost 8.8% or 609.6 points since the beginning of 2016.
Tadwul closed in the red in 10 out of 16 sessions held in July, whose trading began on 10 July after the Eid holidays.
Market capitalisation lost SAR 44.58 billion ($11.89 billion) in July, falling to SAR 1.46 trillion ($389.27 billion) from SAR 1.5 trillion ($401.16 billion) by the end of June.
Average turnover per session also declined 3% to SAR 3.7 billion ($991 million), compared to SAR 3.83 billion ($1.02 billion) in June.
Similarly, average traded volume went down 7.7% in July to 220 million shares every session, from 238.2 million in June.
As for the sectors’ performance, the telecom sector led decliners, retreating 7.34%as Mobily plunged 13.4% to SAR 23.70, and STC fell 4.55% to SAR 61.46.
The banking sector lost 4.14%, pushed down by AlAhli which fell 6%, and AlRajhi by 2%.
On the other hand, the petrochemicals rose 0.24%, on the back of SABIC and SAFCO adding 0.33% and 0.2%, respectively.
Translated by: Moslem Ali
