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Saudi indices open Sunday down

Saudi indices open Sunday down
The food retailing sector topped TASI’s losers falling 5.5%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Sunday’s trading session in negative territory, after its main Tadawul All Share Index (TASI) plunged 294.65 points, or 3.9%, to 7,236.15 points.

By 10:43 am Saudi time, TASI’s trading volume reached 46.45 million shares exchanged through 29,500 transactions at a turnover of SAR 1.03 billion.

The food retailing sector topped TASI’s losers falling 5.5%, followed by the food and beverages and energy sectors with 4.96% each.

The banking sector plunged 4.24%, followed by the basic materials and telecom sectors, which retreated 4.2% and 3.1%, respectively.

Meanwhile, NOMU, the benchmark index of the Nomu-Parallel Market, retreated 16.6 points, or 0.7%, to 2,413.81 points.