Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session in red, for the fourth consecutive session, reaching its lowest level almost two months.
Tadawul All Share Index (TASI) lost 1.62% or 113.38 points, its biggest decline since mid-November, and closed at the level of 6,894.65 points.
Meanwhile, traded values increased to SAR 4.27 billion ($1.14 billion) compared to SAR 4.14 billion ($1.1 billion) on Tuesday, while volumes went up to 238 million shares from 234.44 million shares on yesterday’s session.
As for the sectors’ performance, all closed in red except for REITs which gained 1.74% on the back of Riyad REIT which rose to the level of SAR 11.7.
The biggest sector losses were seen by telecom, as STC, Mobily, and ZAIN declined by 2.65%. 5.39%, and 3.61% respectively.
The banks sector fell 1.7% as Al Rajhi decreased by 1.35% to the level of SAR 62, while Al Ahli plumped 2.3% to SAR 39.6.
Materials lost 1.27% as SABIC and SAFCO went down by 0.34% and 1%, closing at SAR 92 and SAR 70.25 respectively.
As for the stocks’ performance, 152 closed in red, while only 17 closed in gree.
GACO was the session biggest decliner as it dropped 9.92%, while Malath led the gainers and added 4.09%.
Alinma registered the highest traded value with SAR 397.77 million, while Dar Al Arkan was the most active in traded volumes with 28.57 million shares.
