By Majid Al Shabib
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) shut Tuesday in the red zone, offsetting the gains seen in early trading.
The main index shed 0.62% or 43 points to close at 6,916 points. It gained 36 points in Tuesday’s early trade to near the 7,000 mark.
The market decline was coupled with lacklustre traded value that came as the lowest in the last seven sessions.
A total of SAR 4.49 billion was generated from exchanging 247 million shares in 88,000 transactions.
Eleven sectors moved down, led by multi-investment (-2.6%), media and publishing (-2.6%), then transportation (-1.7%).
On the positive front, agriculture and food industries was the top performer (+0.34%), followed by cement (+0.31%).
116 stocks were in red, led by Kingdom Holding (-3.8%), then Atheeb (-3.2%) and Saudi Printing (-2.8%). Meanwhile, 48 other stocks were in green, topped by Saudi Fisheries (+9.98%), followed by AlAbdullatif (+5%) and Sharqiya Dev. (+3.7%).
