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Saudi indices decline at Tuesday’s close

Saudi indices decline at Tuesday’s close
The food and beverages sector led losers with 2.09%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday’s trading session in the red after its benchmark Tadawul All Share Index (TASI) retreated 53.23 points, or 0.62%, to 8,516.6 points.

TASI’s liquidity increased slightly to SAR 2.35 billion ($625.87 million), from SAR 2.34 billion ($624.53 million), while trading volume fell to 105.88 million shares, from 123 million on Monday.

The food and beverages sector led losers with 2.09%, followed by the diversified financials, banking, telecommunication services and materials sectors with 0.96%, 0.78%, 0.73%, and 0.58%, respectively.

On the other hand, the food and staples retailing sector inched up 0.9%, while the insurance sector rose 0.84%.

Allied Cooperative Insurance Group’s (ACIG) stock was the worst performer with 4.92%, while Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) stock was the best performer with 3.78%.

Al Rajhi Bank’s stock led TASI in terms of traded value with SAR 271.94 million, while Abdullah Abdul Mohsen Al Khodari Sons Company’s stock posted the highest trading volume with 10.27 million shares.

In the meantime, the main index of the Nomu secondary market, NOMU, levelled down 26.38 points, or 0.76%, to close the mid-week session at 3,425.74 points.

Thob Al-Aseel Company’s stock topped Nomu’s losers with 2.99%, while the stock of Al-Samaani Factory for Metal Industries was the best performer after adding 6%.

The joint index between Tadawul and MSCI, MT30, fell 9.91 points, or 0.78%, to 1,256.78 points.