Tadawul All Share Index (TASI) ended Thursday’s session on a down note, ending 0.47% or 47.04 points lower at 10034.92 points, compared with 10081.96 points on Wednesday.
Thus, the market continued its bearish performance for the fourth successive day, losing 279 points, or 2.7% during the four days.
Despite the successive declines, the index maintained its position above the 10000 level. Meanwhile, Mobily stock was halted today upon a request from the company earlier today. Mobily is among the biggest ten companies in terms of affecting the index movement. The stock shut in red for four successive day.
The telco said today that the audit committee is meeting, today, Thursday October 30 to consider significant matters related to its financial statements.
Two sectors only headed north; hotel & tourism (+0.19%) and industrial investment (+0.09%). Meanwhile, declining sectors were led by retail (-1.29%), followed by insurance (-1.28%), then energy (-1.06%). Petrochemical industries also fell 0.89%, telecommunication (0.18%) and banks (-0.18%).
Tracking stock performance, decliners outnumbered advancers by 114 to 37, while 9 remained unchanged.
Al Khodari was the biggest gainer (+9.85%), followed by Shaker (+4.55%) and United Insurance (+3.13%). On the negative front, Dallah was the biggest drag (-6.91%), followed by MESC (-5.52%) and Arabia Insurance (-5.12%).
Trading activity lost momentum compared to yesterday. Turnover fell 10.22% to SAR 6.46 billion from SAR 7.2 billion. Today’s turnover is the lowest since September 29. It is 12.77% and 17.24% lower than the weekly and monthly average of SAR 7.4 billion and SAR 7.8 billion respectively.
Traded volume also fell 9.05% to 204.3 million shares from 224.59 million shares. It is 9.09% and 13.73% lower than the weekly and monthly average of 224.7 million shares and 236.8 million shares respectively.
Alinma Bank was the most active (19.27 million shares), followed by Dar Al Arkan (15.18 million shares) then Atheeb (14.67 million shares). Alinma was also the value leader (SAR 458.65 million) followed by Al Khodari (SAR 374.2 million) and SABIC (SAR 369.6 million).
Thus, the market continued its bearish performance for the fourth successive day, losing 279 points, or 2.7% during the four days.
Despite the successive declines, the index maintained its position above the 10000 level. Meanwhile, Mobily stock was halted today upon a request from the company earlier today. Mobily is among the biggest ten companies in terms of affecting the index movement. The stock shut in red for four successive day.
The telco said today that the audit committee is meeting, today, Thursday October 30 to consider significant matters related to its financial statements.
Two sectors only headed north; hotel & tourism (+0.19%) and industrial investment (+0.09%). Meanwhile, declining sectors were led by retail (-1.29%), followed by insurance (-1.28%), then energy (-1.06%). Petrochemical industries also fell 0.89%, telecommunication (0.18%) and banks (-0.18%).
Tracking stock performance, decliners outnumbered advancers by 114 to 37, while 9 remained unchanged.
Al Khodari was the biggest gainer (+9.85%), followed by Shaker (+4.55%) and United Insurance (+3.13%). On the negative front, Dallah was the biggest drag (-6.91%), followed by MESC (-5.52%) and Arabia Insurance (-5.12%).
Trading activity lost momentum compared to yesterday. Turnover fell 10.22% to SAR 6.46 billion from SAR 7.2 billion. Today’s turnover is the lowest since September 29. It is 12.77% and 17.24% lower than the weekly and monthly average of SAR 7.4 billion and SAR 7.8 billion respectively.
Traded volume also fell 9.05% to 204.3 million shares from 224.59 million shares. It is 9.09% and 13.73% lower than the weekly and monthly average of 224.7 million shares and 236.8 million shares respectively.
Alinma Bank was the most active (19.27 million shares), followed by Dar Al Arkan (15.18 million shares) then Atheeb (14.67 million shares). Alinma was also the value leader (SAR 458.65 million) followed by Al Khodari (SAR 374.2 million) and SABIC (SAR 369.6 million).
Source:
Mubasher Exclusive
