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Saudi indices fall at Sunday’s close

Saudi indices fall at Sunday’s close
TASI decreased by 35.42 points by the end of Sunday

By: El Sayed Gamal

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All Share Index (TASI) ended Sunday’s trading session in red territory, amid thin liquidity.

TASI decreased by 35.42 points, or 0.4%, to finish the first session of the week at 8,811.11 points.

TASI’s turnover shrank to SAR 1.84 billion on Sunday, hitting the lowest level in four months, compared to SAR 2.19 billion on Thursday, while the market’s traded volume increased to 89.28 million shares from 87.54 million the session before.

It will be a new resistance level if the index hovers over the current level of 8,800-8,835 points, technical analyst Ibrahim Al Felkawy told Mubasher.

He added that TASI is expected to continue its positive performance, hitting 9,100 points over the course of this week.

By the end of the session, the media sector topped the decliners and fell 1.2%, followed by the food and beverages sector with 1.18%.

Similarly, the banking and materials sectors inched down 0.7% and 0.04%, respectively.

On the other hand, the REITs sector headed the risers after adding 0.6%, followed by the retail sector with 0.05%.

Meanwhile, NOMU, the main index of the Nomu secondary market, went down 24.99 points, or 0.64%, breaking six straight gains, ending the session at 3,870.63 points.

Translated by: Kholoud Mohamed Hussein