The benchmark Tadawul All-Share Index (TASI) closed Sunday’s trading session down by 36.40 points or 0.41 percent to 8,735.59, after being low as much as 162 points just after the opening bell.
The TASI has accumulated exactly two hundred points since the start of 2014. The market cap indices all finished to the downside.
Only Petrochemical Industries and Cement sectors showed a positive change among sectoral indices, gaining 28.3 points jointly. Remaining 13 sectors ended in the downward territory, trimming an aggregate of 829 points.
Transport sector posted the largest losses, shedding 126.7 points or 1.81 percent to close at 6,855.58. Agriculture and Food Industries followed it, declining 1.56 percent for the day.
Most of heavyweights slipped from previous day’s level, with Samba Financial Group dipping by 2.39 percent, SAFCO 1.35 percent and SABB 1.14 percent.
The market breadth was in favor of bears as out of 158 stocks only 28 were able to close higher yesterday.
Advanced Petrochemical Company and Saudi Industrial Investment Group came out as key gainers among all Saudi stocks, surging by 6.27 percent and 4.23 percent respectively.
Rabigh Refining & Petrochemical, on the other hand, recorded the biggest losses, going down by 4.22 percent to close the day at SR 27.3.
Market activity remained roughly 13 percent greater than previous level.
Tadawul total volume set sold approximately 216 million shares, an increase of 10.5 percent over the 50-day average level of 195.7 million shares.
Equity turnover reached to SR6.1 billion, an increase of 14 percent over the 50-day average value. All most active stocks closed in red.
Petchem, cement stocks edge higher
