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TASI sinks over 51 pts in week

TASI sinks over 51 pts in week
A group of 16 sectors fell

Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All-Share Index (TASI) went down by 51.24 points, or 0.61%, to 8,345.77 points in a week.

Market capitalisation declined to SAR 8.96 trillion ($2.39 trillion) over the week, compared to SAR 9 trillion ($2.4 trillion) in the previous week.

A group of 16 sectors fell, led by the media sector which dropped 4.4%, while the commercial services and real estate sectors shed 3.3% and 2.3%, respectively.

On the other hand, five sectors rose, topped by the food retailing sector which surged 4.7%, while the software and services sector grew by 3.3%. The investment sector added 0.3% and the banking sector gained 0.2%.

Trading volume levelled up to 821.67 million shares and liquidity rose to SAR 20.63 billion ($5.5 billion).