• Saudi index slipped slightly with a loss of 16 points



    Saudi index slipped slightly with a loss of 16 points
    Saudi Market Daily Report

    The Tadawul All-Share Index (TASI) ended 0.3 percent lower at 6,323.95 as only four sectors closed the day with gains, which ranged from 0.13 percent in the Cement sector to a gain of 1.18 percent in the Hotel & Tourism sector.
    Negative sector movement on the other hand saw losses which ranged from 1.11 percent in the Transport sector, to a loss of 0.17 points in the Building & Construction sector.
    Overall market breadth was also negative, with 50 advancers and 75 decliners recording an AD ratio of 0.67, the Financial Transaction House (FTH) said in its daily market commentary.
    Tuesday’s liquidity also saw a moderate increase, which came in at SR4.11 billion.

    Tadawul shares recorded QR 4.1 billion, a little more than the values of yesterday trading session hearing, which was up to four billion; amounts traded yesterday reached 196.7 million shares through the implementation of 107.9 thousand transactions.

    As for the sectors; the petrochemical sectors headed the market yesterday, with a traded value of 35.8 percent to 1.5 billion riyals from a total of 4.1 billion riyals achieved by the market yesterday, followed by insurance sector which amounted 20.5 percent of the total values traded worthing 842.1 million riyals.
    "SABB" headed the decliners within the banking sector, from 2.05 percent to 43.5 riyals; the first retreats after four successive rises.
    The region's largest bourses in Saudi Arabia and Dubai were unable to sustain gains from the previous session, with most major stocks coming under selling pressure.

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