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Saudi indices go down at Wednesday’s close

Saudi indices go down at Wednesday’s close
TASI went down by 1.49% by the end of Wednesday

By: Bedour El Raee

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday trading session in red territory, hitting the lowest level in 2019, dragged by the fall of blue chips.

The benchmark Tadawul All Share Index (TASI) went down by 1.49%, or 117 points, ending the session at 7,715.89 points.

The market is expected to see a continuous drop until the official announcement of Saudi Aramco’s initial public offering (IPO), financial analyst Rayan Al Kharashi told Mubasher.

TASI’s traded volume reached 91.69 million shares exchanged at a turnover of SAR 2.4 billion through 122,623 transactions.

The REITs sector was the bourse’s only gainer adding 0.16%.

On the negative side, the banking sector topped the losers falling 1.91%, followed by the telecommunication and materials sectors with 1.41% and 1.24%, respectively.

On the other hand, the main index of the Nomu-Parallel Market, NOMU, decreased by 6.37 %, or 255.09 points, finishing the session at 3,751.61 points.