Tadawul, Nomu end Wednesday in red

Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) and the Nomu Parallel market index closed Wednesday on a low note.

The Tadawul All-Share Index (TASI) fell 0.22% or 18.02 points to 8,018.54 points.

Turnover amounted to SAR 2.09 billion ($556 million), registering a slight rise from SAR 2.08 billion ($554 million) seen on Tuesday, while traded volume grew to 93.6 million shares versus 90.2 million in the previous session.

Sixteen sectors ended Wednesday in the red, led by retail, which shed 1.74%, followed by media and publishing with 1.08%. As for leading sectors, the telecommunications sector led the losers, falling 1.08%, while banks and materials decreased 0.21% and 0.1%, respectively.

As for the risers, the real estate investment trusts (REITs) sector took the lead, adding 1.6%, while commercial and professional services went up by 1%.

In terms of companies’ performance, 131 firms closed in the red, led by Medgulf, which retreated 5% on Wednesday. On the other hand, REITs led gainers as Jazira REIT jumped 9.9%.

Saudi Basic Corp.’s (SABIC) stock was the most active in terms of traded value with SAR 302.6 million, while Dar Al Arkan led in terms of volume with 17.3 million shares exchanged.

Meanwhile, the Nomu Parallel market index slipped 0.07% or 1.78 points to 2,685.35 points.

Arab Sea was the top loser on Nomu, falling 1.82%, while Al Kathiri was the sole riser, adding 3.96%.

Mubasher Contribution Time: 29-Aug-2018 12:57 (GMT)
Mubasher Last Update Time: 29-Aug-2018 12:57 (GMT)