Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Tuesday in red territory, after its benchmark Tadawul All Share Index (TASI) slumped 98.87 points, or 1.3%, to 7,549.77 points.

TASI’s trading volume stood at 198.1 million shares, down from 211.14 million on Monday, while the main market's liquidity tumbled to SAR 4.58 billion, from SAR 5.7 billion.

The banking sector fell 3.9%, while the telecommunication services sector went down 1.7%.

On the other hand, the energy sector rose 6.7%, followed by the capital goods and diversified financials sectors with 3.5% and  3%, respectively. 

Arab National Bank’s stock led losers with 9.9%, followed by Banque Saudi Fransi’s (BSF) stock with 8.6%, the Saudi British Bank’s (SABB) stock with 7%, Al Rajhi Bank’s stock with 3.5%, and The National Commercial Bank’s (NCB) stock with 3.9%.

On a related note, the stocks of Saudi Telecom Company (STC) and The Saudi Basic Industries Corporation (SABIC) also levelled down 3.4%, and 3%, respectively.

On the other hand, AlAhli Takaful Company’s (ATC) stock was the best performer after jumping 9.99%.

Al Rajhi Bank’s stock generated the highest liquidity with SAR 649.7 million, while Dar Al Arkan Real Estate Development Co’s stock acquired the bourse’s trading volume after 31.25 million shares were exchanged.

In the meantime, NOMU, the main index of the Nomu secondary market, plunged 83.87 points, or 3.5%, reaching 2,310.30 points.

Nomu’s traded volume fell to 50,340 shares, from 64,350 on Monday, while trading value declined to SAR 805,730, from SAR 1.25 million.

Thob Al-Aseel Company and Arab Sea Information System Co stocks tumbled 1.5%, and 0.2%, respectively, whereas Raydan Co’s stock increased 0.3%, and Abdullah Saad Mohamed Abo Moati for Bookstores Company’s stock edged up 0.1%.