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TASI sinks 713 pts in October on Media, Materials

TASI sinks 713 pts in October on Media, Materials
A group of 20 sectors levelled down last month

Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All-Share Index (TASI) went down by 712.85 points, or 4.3%, to reach 8,019.77 points in October, pressured by the media and materials sectors.

Market capitalisation declined to SAR 1.82 trillion ($485 billion) in October, compared to SAR 1.91 trillion ($508.92 billion) in September.

A group of 20 sectors levelled down last month, led by the media sector which dropped 15.75%. The good retailing and telecom sectors plunged 15.24% and 10.39%, respectively. The energy sector grew by 6.26%.

Trading volume inched up to 2.456 billion shares and liquidity decreased to SAR 61.66 billion.