By Majid Al-Shabib
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) started Sunday’s session with a plunge by 6.7% to record its biggest one-day losses in 15 months.
Forty four stocks tumbled by 10%, while the remaining stocks declined with various percentages.
The steep declines in GCC bourses in Sunday’s early trading were spurred by the drop in oil prices and global markets.
Brent oil fell to $28.94 per barrel, while U.S. crude slid to $29.42 per barrel last week.
The media and publishing sector was the biggest loser (-9.8%), followed by real estate development (-8.8%) and industrial investment (-8.5%).
Leading stocks were in red, as SABIC lost 6.3%, while Al Rajhi Bank fell by 5.11% and NCB shed 6.3%.
A total of 76.2 million shares were exchanged so far in 35,000 transactions at turnover reaching SAR 1.2 billion.
Translated by Sayed Abdel Rahman
