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TASI closes 0.15% lower; turnover exceeds SAR 10bn

TASI closes 0.15% lower; turnover exceeds SAR 10bn
The Saudi bourse

By Mouaaz bin Saad

Riyadh-Mubasher: The Saudi bourse (Tadawul) closed Monday on a negative note, with the benchmark losing 0.15% or 14.24 points to reach the 9,710 level.

More than 405.8 million shares were exchanged through over 162,800 trades at a turnover exceeding SAR 10.5 billion.

Ten sectors went down, led by the transport and telecom sectors, which dropped 1.81% and 1.78%, respectively.

Meanwhile, five sectors went up, topped by the petrochemical sector, which climbed 1.13%, and the media sector, which rose 1.03%.

Rounding up stocks, decliners outnumbered advancers by 85 to 62. Knowledge City was the best performer of the day, rocketing 9.92% to SAR 28.80.

Meanwhile, Ash-Sharqiya Development was the worst performer, diving 6.82% to SAR 85.50.

SABIC was the most active in terms of turnover with SAR 999.9 million, while Dar Al-Arkan led in trading volume with 68.5 million shares.

Translated by Abdul Maguid Aboshahla