After a couple of days of trading in the green, the Saudi stock market took a reversal yesterday, dropping 0.45 percent for the session.
The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,586.31 points, down 34.52 points from its previous day close. It went nearly 16 points above and 41.6 points below the break-even line during the day.
All market cap indices finished to the downside.
Sectoral performance was also negative, with 13 sectors paring an aggregate of 598 points. In turn, Energy and Agriculture sectors have been unharmed by the day’s trading, showing a nominal collection of 15.7 points jointly.
Media and Publishing sector continued its descending travel for the third consecutive day, slipping 1.79 percent further. Tourism sector was another significant decliner, falling 1.54 percent for the day.
Most of heavyweights closed in the downward territory, with Samba Financial Group dipping by 1.5 percent, Kingdom Holding 1.4 percent and Mobily 0.62 percent. Only Saudi Electricity Co. showed a positive change among large caps, advancing 0.4 percent.
Decliners outnumbered the advancers by a margin of 111 to 26 and the prices of 19 companies remained unchanged.
Food Products Co. and Allied Cooperative Insurance came out as key gainers among all Saudi stocks, stepping up by 5.98 percent and 4.13 percent respectively.
On the other side of the spectrum, Saudi Printing & Packaging Company showing excessive losses of 4.05 percent became the major decliner for the third consecutive session.
Tadawul turnover went down by 9.1 percent and traded 160 million shares as compared to previous day’s 176 million shares. The volume also remained 35 percent below the 50-day average of 245 million shares.
Turnover declines by 9.1 percent
