Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading session in red, as a strong wave of decline struck stock markets across the Arabian Gulf on the back of geopolitical tensions across the region.
The Tadawul All Share Index (TASI) plunged by 2.42% or 203.3 points to end the week’s first session at 8,193.72 points.
Equity markets around the globe are expected to decline in the coming days due to rising tensions in the Middle East, especially between the US and Iran.
All the Saudi market sector indices ended today’s trade in the red zone, with media and entertainment leading the decline and dropping 6.35%, followed by telecom with 3.39%.
Meanwhile, banks and materials fell by 2.5% and 2.36%, respectively, while energy went down by 1.92%.
A total of 182 stocks recorded losses, with AICC topping the losers and decreasing by 7.79%, while only 11 stocks ended the session in the green with Anaam Holding leading the gainers and surging by 10%.
Traded values rose to SAR 4.23 billion, up from SAR 3.47 billion on Thursday, with volumes reaching 176 million shares, compared with 147.58 million shares in the previous session.
Aramco was the most actively traded stock with 20.86 million shares, logging the highest turnover with SAR 724.8 million before closing down by 1.71% at SAR 34.55.
On the other hand, the Nomu Parallel Market rose by 1.94% and closed at 7,002.99 points.
