Wealth Management by

Saudi market rally loses steam

August 28, 2014 5:36 pm

The Riyadh-based Saudi Stock Exchange finished one of the last trading days in August with a day gain of 0.11 per cent, to hit 11,042.03 points on Thursday, August 28, despite negative market breadth. Seventy shares advanced, while 79 declined.

The market reached a six-year high this week and showed no let up in buying power, albeit at a smaller scale than before.

SABIC added 0.44 per cent to reach SAR133.50.

Alkhaleej Trading dived 2.376 per cent to SAR72.50.

Gerard Al-Fil