Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in the red after its main Tadawul All Share Index (TASI) slumped 83.04 points, or 1.05%, to 7,860.35 points, registering its sharpest losses in 18 sessions.
TASI’s traded volume stood at 112.42 million shares, down from 127.2 million on Tuesday, while liquidity plunged to SAR 2.91 billion, from SAR 3.1 billion.
The media sector fell 1.8%, followed by the commercial and professional services sector with 1.75%.
The energy, materials, and banking sectors slid 1.7%, 1.5%, and 0.9%, respectively.
On the other hand, the telecommunication services sector inched up 0.09%.
Saudi Ceramic Company’s stock was the worst performer after losing 3.3%, while Saudi Fisheries Company’s (Alasmak) stock was the best performer after jumping 10%.
The Saudi Basic Industries Corporation’s (SABIC) stock topped TASI in terms of liquidity with SAR 434.51 million, while the stock of Mobile Telecommunications Company Saudi Arabia (Zain) generated the highest trading volume with 10.46 million shares.
In the meantime, NOMU, the benchmark index of the Nomu secondary market, went down 8.13 points, or 0.33%, to finish at 2,481.32 points.
Nomu’s liquidity amounted to SAR 1.95 million, compared to SAR 3.04 million in the session before, while trading volume decreased to 104,770 shares, from 16,690 on Tuesday.
Al Kathiri Holding Company’s stock led losers with 1%, while Baazeem Trading Co’s stock topped gainers with 0.5%.
The stock of Raydan Co topped the secondary market’s activities after 56,860 shares were exchanged, generating a turnover of SAR 832,370.
