The Saudi stock market saw a significant setback on Monday, passing through a lean session of 0.93 percent.
Saudi Arabia's benchmark stock index (TASI) fell to 8,054.65 points, showing a further reduction of 75.22 points for the entire day. The index slipped into red territory earlier and plunged to a maximum of 119 points during the day.
All Market cap indices witnessed a negative change, with Small cap falling more than one percent. Sectoral indices also ended in the downward territory, paring an aggregate of 985 points.
Transport, Tourism and Real Estate Development sectors showed the worst performance, slipping 1.94 percent, 1.45 percent and 1.40 percent respectively. Multi-Investment sector suffered least losses comparatively, down 0.3 percent to close at 3,594.09 points.
Top ten heavyweights also closed lower from previous day's level, where Saudi Telecom Co. decreasing by 1.64 percent, Riyad Bank 1.53 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.28 percent.
The market breadth was largely negative as decliners outnumbered the advancers by a margin of 126 to 22 and the prices of 9 companies remained unchanged.
Buruj Cooperative Insurance remained at top position among all Saudi equities, advancing 9.57 percent to close the day at SR 51.5.
On the other hand, Aljazira Takaful Taawuni Company has fallen prey to profit-taking after sequential run-ups, dipping by SR 6 or 9.8 percent. But the company pumping a liquidity of SR696.8 million secured its most liquid status, closing at SR55.25.
An adequate volume (227.1 million shares) was liquidated at Tadawul, an increase of 6.3 percent from the 50-day average level. Roughly SR6.0 billion was poured into the market.
Most of the trading was concentrated in Dar Al-Arkan with 27.3 million shares, capturing 12 percent of Tadawul volume.
Transport, tourism sectors suffer losses
