By: Thabet Shehata
Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) registered a negative performance during the first week of August to continue its losses for the third consecutive week in line with the decline of 12 sectors led by both the banks and petrochemical segments, with higher liquidity.
The main index lost 1.4% or 89.14 points to reach 6,246.45 points this week as compared to 6,335.59 points in the previous week.
Market cap decreased by SAR 23.74 billion ($6.33 billion) to reach SAR 1.446 trillion ($385.61 billion) over the week as compared to SAR 1.47 trillion ($391.94 billion).
Tadawul’s liquidity gained 8.4% to record SAR 18 billion ($4.8 billion) this week from SAR 16.6 billion ($4.43 billion) in the past week. Trading volume increased by 8.6% to 1.03 billion shares versus 945.58 million a week ago.
The media and publishing sector fell by 7.62%, while the banks sector lost 1.2%, and the petrochemical segment retreated by 2% over the week.
Malath Cooperative Insurance and Reinsurance was the top loser during the week by a drop of 27.2% to SAR 11.75.
Al-Inma Bank was the most active stock with the highest liquidity over the week, with 235.96 million shares traded at a value of SAR 3.1 billion. The stock fell by 1.06% to SAR 13.02.
Translated by: Ingy ElSafy
