Saudi indices end Monday in red

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Monday’s trading session with a negative performance after its benchmark Tadawul All Share Index (TASI) slumped 39.46 points, or 0.47%, to 8,426.29 points.

TASI’s liquidity fell to SAR 2.3 billion ($613.3 million) on Monday, versus SAR 2.6 billion ($698.13 million) on Sunday, while trading volume stood at 113.14 million shares, down from 130.4 million in the previous session. 

The food and beverages sector led losers with 1.38%, followed by the real estate management and development sector with 1.1%.

The materials, telecommunication services, and banking sectors shed 0.43%, 0.41%, 0.35%, respectively. 

On the other hand, the real estate investment traded funds (REITs) sector topped risers with 1.34%, and the consumer durables and apparel sector rose 0.04%.

Al Alamiya for Cooperative Insurance Company’s stock led losers with 3.83%, while Saudi Steel Pipe Company’s (SSP) stock topped gainers with 5.78%.

Al Rajhi Bank’s stock spearheaded TASI in terms of traded value with SAR 173.9 million, while the stock of Dar Al Arkan Real Estate Development Company led in terms of trading volume after 6.7 million shares were exchanged.

In the meantime, the main index of the Nomu secondary market, NOMU, slumped 0.49%, or 18.48 points, closing the second session of the week at 3,747.95 points.

The stock of Abdullah Saad Mohamed Abo Moati for Bookstores Company led losers with 2.26%, followed by Thob Al-Aseel Company’s stock with 1.39%, while Al Omran Industrial and Trading Company’s stock was the best performer with 2.47%.

The joint index between Tadawul and MSCI, MT30 index tumbled 6.1 points, or 0.49%, to 1,240.72 points.

Mubasher Contribution Time: 11-Mar-2019 13:41 (GMT)
Mubasher Last Update Time: 11-Mar-2019 13:58 (GMT)