(MENAFN) Saudi Arabia’s Tadawul All Share Index extended last week’s careful position as it ended unaffected— or 0.05 points higher— to stand at 10,536.91 on Sunday with no marked alteration in the worldwide financial position.
Even as Friday’s US job reports recorded a margin decrease in expansion in December, triggering speculations of a possible turnaround in the US Federal Reserve’s aggressive position, the market was not driven enough to up its ante.
“The Saudi benchmark remained flattish during the day after gains in most of the sectoral indices were fully offset by a decline in large-cap sectors like banks and energy,” Junaid Ansari, chief of funding plan and research at Kamco Invest, informed Arab News.
All constituents, apart from Riyad Bank, Bank Albilad, as well as Amlak International Finance Co., dropped in the Banks Index. Saudi British Bank in addition to Saudi Investment Bank fell 1.66 percent and 1.22 percent to end at SR38.60 and SR17.78, individually.
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