By Majid Al-Shabib
Riyadh – Mubasher: Saudi Stock Exchange, or Tadawul, shut Thursday’s session on a down note, shedding 3.31% or 199 points to extend the decline to the fourth successive week. It closed at 5,838 points.
The main index shut below the 6,000 mark for the first time since October, 2011.
Equities were dragged lower by the continued slide in oil prices that fell below $30 per barrel for the first time in 11 years. Moreover, they tracked Asian bourses that continued to see corrections.
Tadawul’s sectors were in red, led by transportation that lost 9%, followed by media and publishing (-8.86%) and energy (-7.4%).
The petrochemical industries sector lost 3.07%, while banks tailed the list with a decline of 1.85%. Real estate development lost 4.6%.
160 stocks headed south, out of which 37 fell by the minimum rate including Buruj, Nadec, SASCO and Mubarrad.
Meanwhile, six stocks headed north topped by Halwani Bros (+2.3%), then SABB (+1.57%) and Metlife AIG (+1.55%).
Translated by Sayed Abdel Rahman
