Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a negative performance during the third week of January, continuing the downwards trend for the third week in a row, amidst a slight decrease in liquidity levels.
Tadawul All Share Index (TASI) lost 0.66% or 45.9 points during the week ended 19 January, and closed at the level of 6,875.87 points.
The market capital decreased by SAR 13.83 billion ($3.69 billion) to SAR 1.605 trillion ($428.08 billion) compared to SAR 1.619 trillion ($431.77 billion) by the end of the week before.
Traded values went down by 1.55% to SAR 20.4 billion ($5.44 billion) from SAR 20.7 billion ($5.5 billion) last week.
Traded volumes also declined by 3.7% to 1.1 billion shares compared to 1.15 billion shares, with an average of 221.55 million shares per session.
As for the sectors’ performance, 11 declined this week led by utilities which plumped 6.68%, as Saudi Electricity dropped 6.71% to SAR 20.16.
The telecom sector shed 1.3% as STC lost 2.59% and closed at SAR 66.31, while Mobily and Zain gained 0.2% and 5.53% respectively.
Materials index also slid 1.07% on the back of the majority of its stocks especially cement companies.
On the other hand, the banks sector saw a positive performance this week and grew 0.32% as Al-Rajhi and NCB went up by 0.69% and 6.32% to the levels of SAR 63.01 and 42.08 respectively.
Meanwhile, Arabian Cement led the decliners and dropped 11.67% to SAR 37.63, while Buruj Cooperative Insurance was the biggest gainer and jumped 33.69% to SAR 27.67.
Alinma registered the highest turnover with SAR 2.02 billion, while Dar Al Arkan was the most active in traded volumes with 144.6 million shares.
