TASI slides 70 pts, Nomu grows at Thursday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in the red after its benchmark Tadawul All Share Index (TASI) plunged 70.29 points, or 0.9%, to 7,948.25 points.

TASI’s traded volume reached 87.81 million shares, down from 94.15 million shares on Wednesday, while trading value fell to SAR 1.96 billion, from SAR 2.1 billion.

The real estate investment traded trusts (REITs) sector decreased 2%, followed by energy with 1.8%, food and staples retailing with 1.6%, banks with 1.2%, materials with 0.8%, and telecommunication services with 0.06%.

On the other hand, the commercial and professional services sector rose 0.5%, while pharmaceuticals inched up 0.3%.

AlJazira Mawten REIT Fund’s stock led losers with 6.2%, whereas Al Baha Investment and Development’s stock topped gainers with 2.4%.

Alinma Bank’s stock was the most active in terms of traded volume after 18.23 million shares were exchanged at a turnover of SAR 396.64 million.

Meanwhile, the main index of the Nomu secondary market, NOMU, levelled up 5.86 points, or 0.2%, reaching 2,691.21 points.

Nomu’s trading value stood at 97,400 shares on Thursday, up from 23,560 shares on Wednesday, while liquidity jumped to SAR 1.5 million, from SAR 378,360.

Development Works Food Co’s stock led risers with 4%, whereas the stock Al Kathiri Holding Co. was the worst performer with 1.6%.

Abdullah Saad Abo Moati for Bookstores’ stock was the most active in the parallel market after 62,770 shares were exchanged, generating SAR 666,940.

Mubasher Contribution Time: 30-Aug-2018 13:10 (GMT)
Mubasher Last Update Time: 30-Aug-2018 13:41 (GMT)