By Asel bin Taleb
Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) sagged on Tuesday, amid the lowest liquidity in three months.
The main index, or TASI, fell by as much as 1.47% or 91.87 points to close at 6,176 points.
Tuesday’s traded volume amounted to more than 228 million shares exchanged at turnover reaching around SAR 4.4 billion; the lowest since 5 January when it reached SAR 4.38 billion.
126 stocks moved lower, 38 others moved higher and 4 remained flat.
12 sectors were in red, led by banks and financial services (-2.48%), followed by media and publishing (-3.58%); meanwhile, telecommunication, real estate development and multi-investment were in green.
MEPCO was the best performer, with a jump of 9.77%, followed by Wafa Insurance (+9.70%) and Allianz SF (+8.07%).
SRMG stock was the biggest loser, with a fall of 4.44% to SAR 41.8. It was followed by MetLife AIG (+4.39%) and Alinma Bank (+4.34%).
Alinma Bank was the volume leader with more than 36 million shares. MetLife AIG came second with above 16.1 million shares, then property developer Dar Al Arkan with 12.8 million shares.
MetLife AIG was the top active with a number of transactions reaching 12,000, then Wafa Insurance (6,000) and Alinma Bank (5,500).
Translated by Sayed Abdel Rahman
