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TASI down 4.5% in July

TASI down 4.5% in July
The main index of the Saudi Stock Exchange closed at 7,097 points

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a negative performance this month, as the Tadawul All Shares Index (TASI) lost 4.5% or 331.5 points, and reached the level of 7,097.17 points by the end of July 2017.

The market capital declined by 4.6% or SAR 81 billion, reaching SAR 1.68 trillion ($448.7 billion) compared to SAR 1.76 trillion ($470 billion) by the end of the previous month.

Traded values amounted to SAR 60.5 billion in July compared to SAR 54.7 billion in June, increasing by 10.6%, while traded volumes went up to 2.91 billion shares up from 2.90 billion shares last month.

Meanwhile, the media and publishing sector saw huge gains during the month that ended on Monday, as it surged 126% on the back of stock of Marketing and Research that jumped 150.3% reaching SAR 74.9, after closing last month at SAR 29.7.

During July, 12 sector indices declined while seven rose.

The food sector index led the decliners as it dropped 11.9%, followed by real estate with 7.7%.

Blue chip sectors also saw a negative performance this month, as the Telecom sector decreased by 5.7%, followed by banks with 4.7%, and materials with 3.3%.

The Nomu-Parallel Marker saw marginal gains this month, as the main index NOMU slipped 1.4%, losing 55 points, and closed at the level of 3,760.5 points.

Turnovers amounted to SAR 109.7 million with volumes totalling 4.1 million shares, compared to SAR 68.95 million and 2.1 million shares in June.