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TASI extends losses on Wednesday for second day

TASI extends losses on Wednesday for second day
Energy and materials slipped by 0.07% and 0.17%, respectively, on Wednesday.

Riyadh – Mubasher: The Tadawul All Share Index (TASI) extended its losses on Wednesday for the second consecutive session after levelling down by 0.32% or 27.99 points to reach 8,694.13 points.

The market’s turnover stood at SAR 11.79 billion while the trading volume reached 357.240 million shares.

Energy and materials slipped by 0.07% and 0.17%, respectively, while banks and telecommunication services went down by 0.33% and 0.75%, respectively.

Saudi Arabia Refineries Company (SARCO) led the winners with 10%, whereas Anaam International Holding Group headed the losers with 9.93%.

Methanol Chemicals Co. led the trading activity after exchanging 17.702 million shares, whilst Wafrah for Industry and Development Co. generated the highest turnover of SAR 649.7 million.

Meanwhile, the Nomu-Parallel Market Capped Index (NomuC) dropped by 2.93% to close at 19,254.74 points.