The Saudi stock market ended its weekly trading in the red, to resume its losses once again amid a decline in trading and a decline in 3 major sectors.
The general index of the market, TASI, recorded a decline of 0.60% during the week ending July 4, 2024; with a loss of 71 points, falling to 11,658.66 points, compared to 11,729.62 points in the week before last, ending June 27.
The market capitalization jumped by SAR 93.23 billion, bringing the market value of shares listed on Tadawul to SAR 10.114 trillion, compared to SAR 10.021 trillion the previous week.
In terms of the performance of the sectors during the week, most of them witnessed a decline, led by the financial services and banking sectors, with a decline of 3.82% and 2.43% for each, respectively.
The performance of the communications sector decreased by 0.89%, and the basic materials sector decreased by about 0.03%.
On the other hand, 7 sectors witnessed an increase, led by capital goods by about 4.09%, while the energy sector’s performance increased by 1.74%, and transportation came at the bottom of the list of increases by about 0.38%.
Trading values decreased during the week to 28.98 billion riyals, compared to 33.05 billion riyals in the previous week ending on June 27, declining by 12.32%, with the average values declining to 5.8 billion riyals per session.
The weekly trading volumes recorded a decline of 8.84%, reaching 1.23 billion shares, compared to 1.35 billion shares, during the previous week, bringing the average volumes during the current week to 246.115 million shares per session.
In terms of stock performance, Talco recorded the highest gains after rising by 16.41%, while the highest losses were for SASCO, which fell by 12.01%.
Saudi Aramco shares dominated the trading value with about 2.38 billion riyals, while SMASCO shares were the most active in terms of volume with about 175.26 million shares.
