The Saudi stock market is marginally declining in morning trading


RIYADH – Mubasher: The Saudi stock market “Tadawul” declined marginally with morning trading for Thursday’s session, under pressure from the telecommunications, energy and basic materials sector, while banks bucked the trend, to reduce market losses.

By 10:45 Riyadh time, the general index of the market, “Tasi”, decreased by 0.05%, losing 3.93 points, to reach the level of 7423.96 points.

The volume of trading, up to these moments, reached 56.133 million shares, amounting to 1.092 billion riyals through 56.63 thousand transactions.

On the level of share performance, “Abu Muati” led the gains, up 7.52%, while “Zoujaj” recorded the highest losses after falling 2.20%.

The telecommunications sector declined by 1.44%, topping the declining sectors, as the performance of the energy sector decreased by 0.15%, and the basic materials sector also fell by 0.04%, while the banking sector increased by 0.14%.

With regard to the parallel market, the index (higher limit growth) decreased by 0.02% in the meantime, losing 2.07 points from its value, which fell to the level of 8267.10 points.

“Al-Samaani” led the losing shares, with a decline of 1.37%, while the share of HH was the only gainer, rising by 1.27%.

The Saudi stock market, “Tadawul”, ended yesterday’s session in green, to record its second consecutive rise, amid the variation of the performance of its main sectors by 0.14%, with gains of 10.63 points, which rose to the level of 7,427.89 points.


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