The Saudi stock market continued its downward slide, slipping 4.22 percent yesterday.
The tug of war ended in the favor of bears with high margin, as Tadawul yesterday posted its biggest intra-day decrease since the start of 2012.
The Tadawul All-Share Index (TASI) opened at 6975.27 points, which appeared to be the high level of Saturday.
After a steep decline of 283 points earlier, the index subsequently traveled sideways in the negative zone throughout the day to close at 6681.18, shaving 294.09 points for the entire day.
Tadawul index trimmed its year-to-date gains to 4.11 percent.
All market cap indices traded in the red zone.
All sector indices at Saudi stock market closed in red, paring an aggregate of 3362 points.
The top decliner was Multi-Investment, tumbled 277 points or 9.11 percent; Insurance and Real Estate followed it down 7.7 percent for the day.
Energy & Utilities sector suffered least losses comparatively, down 2.4 percent to close at 4,710.23 points.
All heavy weights closed in red; where Kingdom Holding dipped by 8.26 percent, Samba Financial Group 4.5 percent and SABIC (Saudi Basic Industries Corp.) 3.75 percent.
Saudi Automotive Services, Qassim Agriculture, Sagr Insurance and Knowledge Economic City were worst performing stocks, down 10 percent for the day.
Only ALLIANZSF Insurance turned green among all Saudi stocks, showing an increment of SR0.25 or 0.26 percent to close the day at SR95.25.
Tadawul at its lowest ebb
