The food and staples retailing sector tumbled 4.8%
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday with a negative performance after its benchmark Tadawul All Share Index (TASI) slumping 303.99 points, or 3.9%, to 7,530 points, registering its sharpest losses in three years, or since 20 January 2016.
TASI’s trading volume reached 171.59 million shares, down from 103.23 million shares on Wednesday, while traded value surged to SAR 4.02 billion, from SAR 2.6 billion.
The food and staples retailing sector tumbled 4.8%, followed by the banking sector with 4.6%, while the energy and materials sectors declined by 4.57% and 4.4%, respectively.
Al Alamiya for Cooperative Insurance Company’s stock was the worst performer with 8.6%, whereas the stock of the Saudi Industrial Export Company (SIEC) was the best performer with 9.98%.
Dar Al Arkan Real Estate Development Co’s stock topped in terms of trading volume after 26.9 million shares were exchanged, while the Saudi Basic Industries Corporation’s (SABIC) stock led in terms of traded value after generating SAR 501.6 million in a turnover.
In the meantime, the main index of the Nomu-Parallel Market, NOMU, retreated 104.82 points, or 4.1%, to 2,430.73 points, registering its lowest level since launching.
Nomu’s liquidity increased to SAR 1.94 million, from SAR 477,440 on Wednesday, while trading volume jumped to 117,050 shares, from 20,670 in the session before.
Al Omran Industrial and Trading Company’s stock led losers with 7.6%, whereas Baazeem Trading Co’s stock, up 0.3%, was the most active in terms of liquidity with SAR 927,500.
Raydan Co’s stock acquired Nomu’s traded volume after 42,810 shares were exchanged.
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