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Saudi indices end Wednesday in red

Saudi indices end Wednesday in red
The food production sector led decliners and slid 1.52%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Wednesday’s trading session with negative performance after its benchmark Tadawul All Share Index (TASI) fell 18.43 points, or 0.21%, to close at 8,640.52 points.

TASI’s liquidity dropped to SAR 3.03 billion ($809.07 million) on Wednesday, from SAR 3.72 billion ($993.07 million) in the previous session, while traded value retreated to 164.17 million shares, compared to 177.6 million on Tuesday.

The food production sector led decliners and slid 1.52%, whereas the basic materials and telecommunications sectors went down 0.46% and 0.43%, respectively.

On the other hand, the pharmaceuticals sector topped gainers after adding 0.72%, while the banking sector inched up 0.12%.

Electrical Industries’s stock headed fallers and shed 2.87%, while Saudi Enaya Cooperative Insurance’s stock was the best performer with 5.2%.

Al Rajhi Bank’s stock topped TASI in terms of turnover with SAR 274.2 million, whereas the stock of Abdullah Abdul Mohsen Al Khodari Sons Company registered the highest traded volume of 29.89 million shares.

In the meantime, NOMU, the main index of the Nomu secondary market, went down 23.78 points, or 0.64%, to close at 3,667.98 points.

Al-Samaani Factory For Metal Industries’s stock was Nomu’s worst performer with 17.63%.

The joint index between Tadawul and MSCI, MT30 index, fell 4.42 points, or 0.34%, to finish at 1,277.94 points.