The Tadawul All-Share Index (TASI) passed through a lean session yesterday, shedding more than 44 points.
The index trimming back 7,000-mark earlier yesterday and then moving sideways for rest of the session, finally ended lower 0.63 percent to 6,986.45 points. It plunged to a maximum of 51.2 points during the session.
The TASI reduced its year-to-date gains to 185 points or 2.72 percent.
The market cap indices all finished to the downside, with Micro cap falling over 1.9 percent.
All sectors indices closed in the red, except the Retail sector which gained a small percentage of 0.05 and closed at 7,939.48 points.
Remaining 14 sectors lost an aggregate of 642.2 points for the day.
The Insurance switched its position from top performing sector of previous couple of days to the worst performing sector of the day, down 2.83 percent to 1,226.36.
Multi-Investment sector followed it, shedding more than hundred points or 2.79 percent for the day.
Most of heavyweights slipped from previous day’s level, with Kingdom Holding dipping by 3.28 percent, Riyad Bank 3.0 and Saudi Electricity Co. 1.1 percent.
Only Samba Financial Group showed a positive change, advancing 0.67 percent for the session.
Most active stocks also showed a negative change, with Northern Region Cement Co. going down by 3.91 percent, Saudi Mobile Telecommunications Co. (Zain) 1.8 percent and Dar Al-Arkan Real Estate 1.2 percent.
The market breadth confirmed a bearish momentum, as out of 156 stocks traded yesterday only 16 were able to close higher.
United Electronics Company led the top gainers chart at Tadawul, surging by SR4.5 or 3.73 percent.
Al-Hassan Ghazi Ibrahim Shaker was another significant gainer, showing a positive change of 2.3 percent.
On the negative side, Insurance stocks suffered the greatest amount of damages, with Gulf General Cooperative Insurance turning down 6.36 percent and Al Alamiya for Cooperative Insurance 6.12 percent.
Tadawul drops below 7,000-mark
