TASI drops 37 pts, Nomu hits 6M high Wednesday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Wednesday in decline after its benchmark Tadawul All Share Index (TASI) went down 37.25 points, or 0.49%, to 7,512.52 points.

TASI’s traded volume fell to 127.66 million, from 198 million on Tuesday, while the main market's trading value tumbled to SAR 2.91 billion ($776.26 million), from SAR 4.58 billion ($1.22 billion), registering the lowest liquidity in nine sessions.

The telecommunication services sector decreased by 1.5%, while the banking sector declined 1.46%.

On the other hand, the media and materials sectors increased 9.4%, and 0.06%, respectively.

Nama Chemicals Company’s stock was the worst performer with 3.97%, followed by Samba Financial Group with 2.6%, and Al Rajhi Bank with 2.3%.

On the other hand, the stocks of Saudi Industrial Export Company (SIEC) and the Saudi Company for Hardware (SACO) grew 9.98%, and 9.97%, respectively.

Saudi Kayan Petrochemical Company’s stock, down 1.65%, led TASI in terms of trading volume after 13.9 million shares were exchanged, while Al Rajhi Bank’s stock, down 2.3%, topped in terms of liquidity after generating SAR 341.97 million.

In the meantime, the main index of the Nomu-Parallel Market, NOMU, surged 105.7 points, or 4.58, to close at 2,416 points, recording its highest growth in more than six months, or since 14 April.

Thob Al-Aseel Company was Nomu’s best performer after growing 7.09%.

Mubasher Contribution Time: 24-Oct-2018 13:11 (GMT)
Mubasher Last Update Time: 24-Oct-2018 13:14 (GMT)