JEDDAH: The Saudi stock market continued to fall yesterday. The index fell nearly three percent in four days.
The Tadawul All-Share Index (TASI) opened at 7,717.72 points level yesterday which appeared to be the intra-day high. It slipped in the negative territory earlier on Monday, curved in the south for most of the session, failed to cross the breakeven line subsequently and closed in the red at 7,697.7 points. The index pared only 20.02 points or 0.26 percent for the entire day.
The performance of all sectors was mixed as eight out of Tadawul's fifteen sectors witnessed advancement. Multi-Investment remained at top showing the accumulation of 82.25 points or 2.23 percent for the day to close at 3,776.08.
On the other hand, seven sectors ended the day with mild losses; Banks & Financial Services lost 140.57 points or 0.8 percent from its previous level.
Top ten heavy weights also closed in mixed fashion, where Etihad Etisalat Co. (Mobily) and SABB rose to 1.52 percent and 1.38 percent respectively. Furthermore, Al-Rajhi Bank went down by 0.96 percent to close at SR78.
Share trading activity remained low on Monday as compared to previous day; turnover went down by 41.9 percent in terms of volume and 35.7 percent in terms of value.
The trading activity was led by Alinma Bank which remained as the most active stock for the fifth straight day. Its more than 81.2 million shares were traded at Tadawul, a relative market share of 15.1 percent.
The market breadth was almost balanced with 67 issues witnessing advances against 68 issues recording declines.
© Arab News 2012
