Monday Trading: Tadawul index up 0.6% points, trimming part of the losses from Sunday

Visitors look at stock price information displayed on a digital screen inside the Saudi Stock Exchange, also known as the Tadawul, in Riyadh, Saudi Arabia, April 10, 2018. (Getty Images)

• Shares of Riyad Bank, National Commercial Bank, Saudi Electricity, Samba, Saudi Kayan and Advanced were up
• Shares of Alhokair closed at SR22.70, up 8 percent, as the company announced obtaining the franchise rights for France-based Decathlon for 10 years

Saudi equities rebounded to end the session on Dec. 7, trimming part of the losses from Sunday’s session, with the benchmark Tadawul All Share Index (TASI) up by 0.6 percent, or 52 points, to close at 8,633.

Total turnover reached SR9.6 billion ($2.56 billion), with advance-decline ratio at 155:31.

Shares of Riyad Bank, National Commercial Bank, Saudi Electricity, Samba, Saudi Kayan and Advanced ended their trading on Monday with an increase in rates ranging between 1 percent and 3 percent.

Shares of Alhokair closed at SR22.70, up 8 percent, as the company announced obtaining the franchise rights for France-based Decathlon for 10 years.

On the other hand, shares of Saudi British Bank (SABB) fell by more than 2 percent to close at SR24.70.

Anaam Holding continued its decline for the fourth consecutive session, closing at SR112.60 riyals, down 34 percent.

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