KSA- BMG turnovers dips 26.9%  

(MENAFN - Arab News) The BMG Saudi Index incurred losses in the week's last session, recording the fourth drop in the week and the eighth drop in two weeks. The index went down by 0.3 percent to 460.77 points. The total turnover continued to decline, registering the lowest value since the middle of May 2006, to reach SR974.8 million (260 million), down by 26.9 percent from SR1.3 billion (356 billion) which was registered in Tuesday's trading session.

The banking sector was the only positive mover, gaining 0.3 percent, while the telecommunications sector stood still. The following sectors, however, depreciated: Electricity by 2.2 percent, insurance by 1.2 percent, agriculture by 0.6 percent, services by 0.5 percent, and the industrial sector by 0.4 percent.

Eighteen shares descended, while nine moved up. The best performer was Trade Union Cooperative Insurance Company, advancing by 2.2 percent to SR23.25. Rabigh Refining and Petrochemical Co. emerged as the session's worst performer, falling by 3.2 percent to SR52.50. The leading shares ended yesterday's session on a mixed note, with Saudi Basic Industries Corp.'s (SABIC's) share price dropping by 0.2 percent to SR123.25, whilst Al-Rajhi Bank's share price ascended by 0.3 percent to SR81.25, yet failing to keep the whole index in positive territory.