Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) ended Wednesday down, as it fell 0.46% or 33.31 points, reaching 7,266.43 points.

On the short-term, the Tadawul All Share Index (TASI) will see resistance at 7,400 points, while passing it will enable the index to rise to 7,700 points, technical analyst Safaa Fares said.

If TASI breaks below support at 7,233 points, the index will fall to 7,100 points, Fares added.

Trading volume dropped to 129.25 million shares on Wednesday against 131.93 million shares on Tuesday, while traded value declined to SAR 2.69 billion from SAR 2.97 billion.

Ten sectors levelled down, led by the food and beverages sector with 3.4%, followed by the healthcare sector with 1.2%, the banks sector with 0.43%, the materials sector with 0.20%, the telecommunications services sector with 0.20%, and the media sector with 1.1%.

On the other hand, the energy sector rose 2.1% and the real estate investment traded funds (REIT) increased 0.60%.

Savola Group retreated 5.3%, whereas Al Ahli Takaful surged 5.6%.

Meanwhile, the main index (NOMU) of the Nomu-Parallel Market decreased 1.7% or 62.80 points, reaching 3,606.84 points.

Traded volume levelled up to 240,100 shares against 207,770 shares on Tuesday, while liquidity rose to SAR 6.3 million from SAR 4.5 million.

Baazeem Trading’s stock stood at SAR 23.50, after dropping 5.3%, and Al-Omran Industrial Trading closed at SAR 21.14, after losing 3%.

Development Works Food and Thob Al-Aseel Company stocks increased 9.7% and 2.4%, respectively.

Abo Moati for Bookstores’ stock was the most active in terms of trading volume after 72,900 shares were exchanged, while Development Works Food’s stock led in terms of traded value with a turnover of SAR 1.89 million.