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Tadawul closes Monday with biggest decline in 9M

Tadawul closes Monday with biggest decline in 9M
TASI closed at 7,747.1 points

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in decline, as the Tadawul All Share Index (TASI) dropped by 2.95%, its biggest daily loss since 13 May 2019, to the level of 7,747.1 points.

It is worth noting that GCC markets witnessed major losses today after Kuwait and Bahrain announced the first coronavirus (COVID-19) cases.

All the market sectors ended today in the red zone, as the telecom and materials sector indices lost 3.4% and 3.38%, respectively.

On the other hand, banks and energy fell by 3% and 2.15%, in that order.

Traded values reached its highest level since 14 January 2020 at SAR 4.48 billion, compared with SAR 3 billion for the last session.

Traded volumes amounted to 181.57 million shares, compared with 122.26 million shares on Sunday.

As for the stocks’ performance, 186 closed in losses, while only eight recorded gains.

Buruj Cooperative Insurance Company was the top loser and plunged by 8.12%, while National Company for Learning and Education (NCLE) was the biggest gainer and added 9.94%.

Al Rajhi recorded the highest turnover with SAR 475.42 million, while Alinma was the most actively traded stock with 17.87 million shares.

Meanwhile, the Nomu-Parallel Market went down by 1% or 73.06 points to 7,257.62 points.