Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday’s trading in red, for the third consecutive session, as all of the market sectors declined except for media and publishing.
Tadawul All Share Index (TASI) lost 1.04% or 73.68 points, and closed at the level of 7,008.03 points, successfully maintaining its level above 7,000 points.
Meanwhile, traded values decreased to SAR 4.14 billion ($1.1 billion) compared to SAR 4.72 billion ($1.26 billion) on yesterday’s session, as volumes declined to 234.44 million shares down from 268.6 million shares.
As for the sectors performance, only the media sector closed in green, adding 1.27%, as Tihama Advertising and Public Relations as well as Saudi Research and Marketing Group gained 4.77% and 1.59% respectively.
The telecom sector lost 2.29%, as STC went down by 2.4% to the level of SAR 70.5, while the materials sector fell 0.88%, as most of its stocks closed in red, while SABIC added 0.2% and closed at SAR 92.5, which helped in offsetting some of the sector’s losses.
As for banks, the sector index decreased by 0.74%, as Al Rajhi lost with the same percentage to the level of SAR 62.75, while Al Ahli declined 0.61% to SAR 40.60.
Nama Chemicals led the session’s 129 declining stocks, as it dropped 5.34%, while Arabian Shield was the biggest gainer of 42 rising stocks, as it jumped 9.93% to the level of SAR 49.8.
Alinma continued to dominate trade in the Saudi market, and registered the highest traded values and volumes, with 24 million shares and a total turnover of SAR 352 million.
