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Saudi indices close Monday in red

Saudi indices close Monday in red
The utilities sector inched up 0.16%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Monday's trading session in decline, after its benchmark Tadawul All Share Index (TASI) plunged 192.13 points, or 2.38%, to 7,872.79 points, registering its sharpest losses in more than a year, or since 4 July 2017.

By the end of Monday’s trading activities, TASI also recorded its lowest level since April.

The main index’s trading volume stood at 141.13 million shares, up from 133 million shares on Sunday, while liquidity increased to SAR 3.68 billion ($981.87 million), from SAR 3.28 billion ($875.2 million).

The media, banking, telecommunication services, and materials sectors levelled down 4.37%, 2.97%, 2.58%, and 2.28%, respectively.

On the other hand, the utilities sector inched up 0.16%.

Saudi Cement Co’s stock was the worst performer with 7.56%, followed by the Saudi Company for Hardware’s (SACO) stock with 5.64%, whereas Al Sagr Cooperative Insurance’s stock was the best performer after going up 5.64%.

Alinma Bank’s stock topped the bourse’s activities after 36.14 million shares were exchanged, generating a turnover of SAR 797.88 million.

In the meantime, the main index of the Nomu-Parallel Market, NOMU, tumbled 183.74 points, or 6.55%, to close at 2,623.36 points, registering its sharpest losses since launching on 26 February 2017.

Al-Kathiri Holding Company’s stock led losers with 15.88%, whereas the stock of Raydan Co rose 3.38%.