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TASI, Nomu fall at close Wednesday

TASI, Nomu fall at close Wednesday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Wednesday on a negative performance after its benchmark Tadawul All Share Index (TASI) retreated 21.49 points, or 0.27%, to 7,883.63 points.

TASI’s trading volume hit 118.03 million shares, down from 165.96 million on Tuesday, while traded value nearly halved to SAR 2.8 billion, from SAR 4.2 billion.

The transportation sector declined 1.5%, followed by the food and beverages sector with 1.4%, while the commercial and professional services sector lost 1.1%, banks fell 0.4%, and materials inched down 0.2%.

On the other hand, the food and staples retailing sector topped gainers with 2.3%, followed by the insurance sector with 1.6%, and telecommunication services edged up 0.8%.

United International Transportation Company’s (Budget Saudi) stock was the worst performer after losing 4.1%, whereas Wataniya Insurance’s stock led risers, jumping 8.6%.

Alinma Bank’s stock led in terms of trading volume with 10.38 million exchanged shares, while the Saudi Industrial Export Company’s (SIEC) stock generated the highest turnover of SAR 246.83 million.

In the meantime, the main index of the Nomu-Parallel Market, NOMU, went down 0.17%, or 4.09 points, reaching 2,415.94 points.

Nomu’s liquidity plunged to SAR 1.11 million, from SAR 2.01 million on Tuesday, while traded volume hit 78,060 shares, down from 109,040 in the session before.

Baazeem Trading Co’s stock was the worst performer with 0.8%, whereas Al Kathiri Holding Company was the best performer after gaining 1.9%.

Raydan Co’s stock was the most traded on the secondary market on Wednesday with 43,140 exchanged shares, at a turnover of SAR 547,580.