TASI, Nomu end Wednesday in red

TASI, Nomu end Wednesday in red
The food and beverages and utilities sectors' tumbled 5.4%, and 1.3%, respectively

Riyadh – Mubasher: The Saudi Stock Exchange’s benchmark Tadawul All Share Index (TASI) closed Wednesday 0.28% or 20.36 points down to reach 7,379.62 points.

TASI’s trading volume stood at 131.53 million shares on Wednesday, against 129.68 million shares on Tuesday, while liquidity increased to SAR 3.86 billion, from SAR 3.02 billion.

The food and beverages and utilities sectors' tumbled 5.4%, and 1.3%, respectively.

On the other hand, the diversified financials sector rose 0.73%, followed by transportation with 0.5%, materials with 0.27%, telecommunication services with 0.2%, and banks with 0.2%.

Al Marai’s stock retreated 9.96%, whereas Saudi Enaya Cooperative Insurance’s stock surged 9.9%.

Al Inma Bank’s stock led TASI in terms of trading volume after 22.96 million shares were exchanged, while Al Marai’s stock led in terms of liquidity with a turnover of SAR 1.3 billion.

In the meantime, NOMU, the main index of the Nomu-Parallel Market slid 2.94% or 102.73 points reaching 3,385.89 points, registering its sharpest decline in 19 trading sessions, or since 10 August 2017.

Noum’s traded volume reached 141,430 shares on Wednesday, against 48,330 shares on Tuesday, while liquidity surged to SAR 3.18 million, from SAR 1.67 million.

Baazeem Trading, and Raydan Co stock fell 6.5%, and 5.6%, respectively, whereas Development Works Food’s stock rose 1.5%.

Raydan Co’s stock traded volume stood at 67,820 shares, while Baazeem Trading’s topped Nomu in terms of trading value with a liquidity of SAR 1.39 million.

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Source: Mubasher

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