Riyadh – Mubasher: Saudi Arabia’s stock market Tadawul shut Sunday at its lowest level in five years, after it trimmed early losses by more than one third.
The main index lost 5.44%, or 317.7 points to close at 5,520.4 points, which is the lowest close since 6 March 2011.
Sectors were collectively down, except for transportation that rose by 1.45% backed by Bahri stock that was the only gainer (+5.8%).
Bahri also came fourth among most active stocks in terms of liquidity and fifth in terms of traded volume.
The media and publishing sector was the biggest loser, with a drop of 9.86%, followed by hotel and tourism (-9.21%), then industrial investment (-8.62%).
The banks sector shed 3.73%, while petrochemical industries lost 5.13% and telecommunication ended 7.04% lower.
Trade Union, ACE and Tihama fell by 10% each.
