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Analysis

Saudi TASI closes lower as more main-market shares fall

Saudi Arabia’s TASI index fell 0.15% to 10,360.74 in Sunday’s session. Declining shares outnumbered advancing ones on the main market, which traded about 164 million shares worth 2.69 billion Saudi riyals. The parallel Nomu market finished higher. The session’s gainers and losers included industrial companies, lenders and a car-rental operator.

Economics & Markets··Morning
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TASI finishes the Sunday session lower

Saudi Arabia’s Tadawul All Share Index, known as TASI, fell 0.15% in Sunday’s session on October 11.[1], [2]

The main equity-market benchmark lost 15.54 points to close at 10,360.74. Approximately 164 million shares changed hands on the main market, with turnover of 2.69 billion Saudi riyals.[1]

Decliners outnumber gainers on the main market

On the main market, 107 stocks advanced and 151 declined. The MSCI Tadawul index also fell, losing 1.64 points, or 0.12%, to 1,394.48. The parallel-market Nomu index moved higher, adding 88.92 points, or 0.41%, to close at 21,701.36. Nomu recorded 37 advancing shares and 29 declining shares.[1]

Industrial shares rise while a bank and car-rental operator fall

Saudi Industrial Development Co., an industrial company also known as SIDC, gained 9.97% to 16.33 Saudi riyals. Watani Iron Steel rose 9.92% to 2.66 Saudi riyals, while finance company Amlak International advanced 6.05% to 8.76 Saudi riyals. These were among the main market’s notable gains during the session.[1]

Arab National Bank fell 3.31% to close at 21.30 Saudi riyals. Theeb Rent a Car, a vehicle-rental company, declined 3.00% to 18.43 Saudi riyals. Those losses accompanied the main index’s decline, while the parallel market’s index ended the session higher.[1]

References

  1. News sourceArab NewsSaudi TASI closes Sunday session down 0.15%↩1↩2↩3↩4↩5
  2. News sourceInvesting.comSaudi shares close lower as TASI loses 0.15%↩