Saudi indices end Wednesday in decline

Saudi indices end Wednesday in decline
The healthcare sector declined 1%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday's trading session in red territory, after its benchmark Tadawul All Share Index (TASI) and the parallel market decreased.

TASI fell 29.25 points, or 0.35%, to finish at 8,388.66 points.

The main index's trading volume reached 114.84 million shares on Wednesday, down from 141.12 million on Tuesday, while its turnover tumbled to SAR 2.75 billion, from SAR 3.64 billion.

The healthcare sector declined 1%, followed by the commercial and professional services sector with 0.9%.

While the banking, telecommunication services, and materials sectors fell 0.86%, 0.2%, and 0.08%, respectively. 

On the other hand, the real estate management and development sector rose 1.1%, while the retailing sector increased by 0.8%.

Arab National Bank’s stock led losers with 2.4%, whereas Saudi Enaya Cooperative Insurance Company’s (Enaya) stock was the best performer with a rise of 9.9%.

The Saudi Basic Industries Corporation’s (SABIC) stock led in terms of traded value after posting a turnover of SAR 485.85 million, while Dar Al-Arkan Real-Estate Development Company’s stock was the most active in terms of trading volume after 20.97 million shares were exchanged.

In the meantime, the main index of the Nomu-Parallel Market, NOMU, retreated 44.56 points, or 1.54%, to close at 2,843.90 points.

The secondary market’s liquidity jumped to SAR 4.99 million on Wednesday, from SAR 534,760 on Tuesday, while traded volume hit 321,610 shares, compared to 39,980 in the previous session.

The stock of Baazeem Trading levelled up 7.5%, whereas Raydan Co’s stock was the worst performer with 3.7%.

Raydan Co’s stock acquired Nomu's activities after 246,710 shares were exchanged, generating SAR 3.25 million in liquidity.