By: Majed Alshabib
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading session in the red zone, and registered the lowest traded value in 5 years, at SAR 2.29 billion.
Tadawul All Shares Index (TASI) lost 0.23% or 14 points, and closed at the level of 6,212 points.
Today’s decline assures that the scarce liquidity is the main reason, financial analyst Ahmed Al Ghannam told Mubasher.
This scarcity in liquidity can lead to more declines in the upcoming sessions, even in blue chips, stressed Al Ghannam, adding that plausible that the market might reach the level of 5,900 points.
Ten sectors decreased today, led by building and construction with 1.7%.
Meanwhile, 5 sectors rose today, led by hotels and tourism with 0.93%, followed by energy and real estate development with 0.71% and 0.44% respectively.
A total of 48 stocks increased today, while 116 declined.
Wataniya Insurance was the top gainer with 9.7%, followed by Malath with 3.8% and National Petrochemical Company with 3.18%.
On the other hand, SAICO was the biggest loser with 3.9%, followed by Aslak with 3.7%.
Translated by: Moslem Ali
