Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday's trading session in the red after its benchmark Tadawul All Share Index (TASI) retreated 0.7% or 59.31 points to 8,098.75 points, registering its lowest level in 11 sessions.
TASI’s trading volume stood at 1993.39 million shares on Wednesday, up from 197.54 million on Tuesday, whereas traded value fell to SAR 4.54 billion, from SAR 5 billion.
The consumer durables and apparel, transportation, energy, banks, and materials sectors decreased 1.6%, 0.9%, 0.87%, 0.5%, and 0.02%, respectively.
On the flipside, the real estate management and development sector rose 1.2%, followed by the pharmaceuticals, telecommunication services with 0.8%, and 0.08%, respectively.
Saudi Indian Company for Cooperative Insurance’s (Wafa Insurance) stock declined 8.1%, whereas Al Sagr Cooperative Insurance’s stock led gainers with 6.1%.
Al Inma Bank’s stock led TASI in terms of liquidity after generating a turnover of SAR 753.77 million, while Dar Al Arkan Real Estate Development’s stock acquired trading volume after 46.1 million shares were exchanged.
In the meantime, NOMU, the main index of the Nomu-Parallel Market, plunged 52.92 points, or 1.6%, to finish Wednesday at 3,203.32 points, registering its sharpest loss since 11 April.
Nomu’s trading volume reached 55,300 shares by the end of Wednesday, down from 65,250 shares on Tuesday, while traded value fell to SAR 1.1 million, from SAR 1.36 million.
Baazeem Trading’s stock led losers with 6.8%, whereas Al-Kathiri Holding Company’s stock increased 4.1%.
Development Works Food’s stock generated SAR 239,190 to dominate Nomu’s turnover, while the stock of Abo Moati for Bookstores topped trading volume after 17,840 shares changed hands.
