Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in red territory, after its benchmark Tadawul All Share Index (TASI) tumbled 8.93 points, or 0.12%, to 7,657.84 points.
The bourse’s trading volume stood at 156.65 million shares, down from 286 million shares on Tuesday, while the market's liquidity decreased to SAR 3.7 billion ($993.07 million), from SAR 7.54 billion ($2.01 billion), registering its lowest liquidity in five sessions.
The telecommunication services sector dipped 1.52%, while the banking sector dropped 1.47%.
On the other hand, the food and beverages sector added 4.1%, while the materials sector increased by 0.86%.
Arab National Bank’s stock was the worst performer with 5%, followed by Samba Financial Group’s stock with 3.7%, the National Commercial Bank’s (NCB) stock with 3.5%, and Saudi Telecom Company’s (STC) stock with 2.5%.
On the other hand, the stocks of the Saudi Industrial Export Company (SIEC), Al Alamiya for Cooperative Insurance Company jumped 9.97% each, and Malath Insurance’s stock levelled up 7.84%.
Dar Al Arkan Real Estate Development Co’s stock, which gained 2.32%, topped TASI in terms of trading volume after 23.18 million shares were exchanged, while the Saudi Basic Industries Corporation’s (SABIC) stock led in terms of liquidity after generating SAR 656.2 million.
In the meantime, the main index of the Nomu secondary market, went up 4.79 points, or 0.21%, to finish at 2,318.34 points.
Raydan Co’s stock was Nomu’s best performer with 2.92%, whereas Abdullah Saad Mohamed Abo Moati for Bookstores Company and Al Omran Industrial and Trading Company stocks’ tumbled 2.22%, and 2.1%, respectively.
