The Saudi stock market ended Sunday's trading session in the red, continuing its decline for the second consecutive session; in light of the negative performance of the banking sector, the highest and most important sector on the index, amidst the rise of 3 major sectors.
The Saudi Stock Exchange's general index, TASI, closed down 0.55%, with losses of 67.36 points, falling to 12,217.05 points.
Trading values fell to 5.34 billion riyals, compared to 7.31 billion riyals in the previous session, and volumes fell to 231.14 million shares, compared to 295.86 million shares, at the end of last Thursday’s session.
14 sectors closed in red, led by the transportation sector, which fell by 1.51%, while the banking sector recorded a decline of 0.38%, contradicting the performance of the major sectors.
The rest of the sectors witnessed positive performance, led by 3 major sectors, led by the communications sector, which rose by 1.12%, the energy sector rose by 0.26%, and the basic materials sector recorded an increase of 0.08%.
In terms of stock performance, losses included 147 stocks, led by Thimar stock, which fell by 9.94%. 78 stocks closed in the green, led by Sedafco stock, which rose by 9.97%.
The Chemical Company’s stock dominated the stock activity at all levels, with a volume of 32.84 million shares, valued at about 318 million riyals.
The parallel market witnessed positive performance, as the (Maximum Growth) index closed up 0.4%, equivalent to 109.49 points, raising it to 27,195.93 points.
The National Building and Marketing stock led the parallel market gains after rising 6.9%, while the biggest losses were for the Computer stock, which fell 9.08%.
The Saudi Stock Exchange ended last Thursday's session down 1.41%, pressured by a decline in 3 major sectors, amid a decrease in liquidity.
