By: Thabet Shehata

Riyadh – Mubasher: The stock of Abdullah Abdul Mohsen Al Khodari Sons Company, listed on the Saudi Stock Exchange (Tadawul), on Wednesday registered its highest loss in around eight years and marked its lowest level since listing. 

By 11:30 am Saudi time, the Saudi firm’s stock led decliners in Wednesday’s intra-day trades after sliding nearly 10%, its highest loss since 1 March 2011.

Al Khodari’s stock tumbled to SAR 6.31, hitting its lowest level since being listed on 23 October 2010.

Tadawul opened Wednesday with a positive performance after its main Tadawul All-Share Index (TASI) jumped 59 points, or 0.7%, to 8,660.3 points.

For the full-year 2018, Al Khodari registered losses of SAR 1.107 billion, representing 198.52% of the capital.​

Translated by: Zeinab Adel