Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading session in the red zone, as negative performances dominated most of the market sectors with a noticeable decline in liquidity.
Tadawul All Share Index (TASI) lost 0.83% or 59.87 points and closed at the level of 7,138.86 points, moving further away from the level of 7,200 points which it broke on Thursday’s session.
Today, Tadawul began adopting the new industry classification by using the Global Industry Classification Standard (GICS). This is part of the strategy to support the Saudi capital market development, to enhance transparency, and to provide more reliable information on sector performance, according to a bourse statement
The new classification consists of 20 industry groups representing the second level of GICS. The calculation of New Sector Indices will start on 8 January 2017, at 5,000 points (Base Values).
Traded values decreased to SAR 3.9 billion ($1.04 billion) from SAR 4.46 billion ($1.19 billion) last session, while traded volumes declined to 210.71 million shares compared to 242.2 million shares on Thursday.
SABIC and Al-Rajhi lost 0.28% and 0.3%, closing at SAR 92.25 and SAR 62.75 respectively, while SAFCO gained 1.58% to the level of SAR 74.5.
Nama Chemicals was the session’s biggest loser and dropped 8.14% to SAR 4, while AlSorayai led the gainers and surged 9.87% and closed at SAR 12.8.
Alinma was the most active in both traded values and volumes with 22.1 million shares and a turnover of SAR 331.9 million.
