Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Sunday in the red after its benchmark the Tadawul All Share Index (TASI) plunged 103.99 points, or 1.3%, to 7,893.62 points, registering its sharpest losses in 13 sessions, or since mid-September.
TASI’s trading volume reached 129.956 million shares, up from 104.15 million shares on Thursday, while traded value rose to SAR 2.93 billion ($782.4 million), from SAR 2.6 billion ($692.53 million).
The food and beverages sector decreased 2.75% after Savola Group’s stock went down 3.83%, while Almarai Company’s stock fell 2.6%.
Moreover, the telecommunication services, materials, and banks sectors tumbled 2.4%, 2.05%, and 0.57%, respectively.
Alujain Corporation’s stock led TASI’s losers with 8.42%, whereas Saudi Paper Manufacturing Company’s (SPMC) stock was the best performer after gaining 4.79%.
Saudi Kayan Petrochemical Company’s stock, down 4.37%, topped TASI in terms of trading volume after 23.5 million shares were exchanged, while the Saudi Basic Industries Corporation’s (SABIC) stock, down 1.59%, led in terms of liquidity after generating SAR 402.33 million.
In the meantime, the main index of the Nomu secondary market, slumped 140.34 points, or 5.38%, reaching 2,468.97 points, marking its sharpest drop since 13 August, and registering its worst level since the market began trading on 26 February 2017.
The stocks of Al-Omran Industrial Trading and Thob Al-Aseel Company retreated 7.14%, and 6.82%, respectively.
