Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index closed Sunday’s trading session in the red zone, posting the biggest drop since the global financial crisis in 2008 as the new coronavirus (COVID-19) continues to spread in the Middle East.
Tadawul All Share Index (TASI) lost 621 points or 8.23% to 6,846.36 points on Sunday, its lowest level since November 2017.
The market’s turnover rose to SAR 7.18 billion from SAR 4.27 billion in the previous session, while the traded volume surged to 295.725 million shares from 171.03 million on Thursday.
The banks sector dropped by 8.93%, while the energy and basic materials sectors sank 8.75% and 8.56%, respectively.
Saudi Arabian Fertilizer Co (SAFCO) and Alujain Holding Corp were the only gainers with 3.70% and 1.21%, in that order.
Alinma Bank topped TASI in terms of turnover and trading volume after generating SAR 1.051 billion through the exchange of 51.22 million shares.
Meanwhile, NOMU, the main index of the Nomu secondary market, plunged by more than 1,000 points or 15.02% to 6,064.10 points after National Building and Marketing Co and Development Works Food Co fell by 19.83% and 15.07%, respectively.
