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TASI plunges 60 pts in week

TASI plunges 60 pts in week
The utilities sector dropped 4.48%

Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All-Share Index (TASI) declined by 59.66 points, or 0.78%, to 7,635.82 points in a week.

Market capitalisation went down by SAR 16.1 billion ($4.3 billion) to reach SAR 1.8 trillion ($480.6 billion) over the week.

The utilities sector dropped 4.48% and the food retailing sectors shed 4%, while the telecom and banking sectors lost 1.58% and 0.39%, respectively. On the other hand, the materials sector rose by 0.57%.

Trading volume reached 503.2 million shares, while liquidity amounted to SAR 13.18 billion.