Saudi stock exchange withdrew in a weak trade

(Reuters) – The Saudi stock exchange fell into a very thin market on Tuesday, while other major stock exchanges in the region closed and many investors missed the end of the year.

An electronic screen displays the share prices on the Saudi stock exchange in Riyadh.

Saudi Arabia's main index fell by 0.4 percent after the end of last year, an increase of 8.3 percent. Trading volume was at the lowest level since April 2014, according to Reventiv data.

Al Rajhi Bank fell by 1 percent, while Saudi Industrial Investment Group, which invests in petrochemicals, fell by 3.5 percent.

National Agricultural Development Company (NADC) fell 2.6 percent after the company failed to close a deal to buy Danone net at the December 31 deadline, although it said that all parties still committed to the take over. Cancellation of the transaction.

The shares of most insurance companies rose by 9.3 percent among the best winners of Amanah Cooperative Insurance.

Gulf Cooperative Insurance rose 4.9 percent after Saudi Arabia's Capital Market Authority (CMA) requested the company to raise capital to 242 million riyals ($ 64.5 million) out of 150 million riyals to Ahlia Cooperative Insurance, which jumped 5 percent, increased.

South Zone Cement won 0.8 percent after the company signed a contract to export 1.5 million tons of clinker to Bangladesh.

Below are the closing levels of the equity indices in the Middle East:

– Saudi Arabia & # 39; s index fell by 0.4 percent to 7798 points.

– Oman: the index rose by 0.2 percent to 4333 points.

Prepared by Alaa Rushdi for the Arabic publication – Edit Islam Yahya

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