The Saudi stock market recorded mild losses yesterday, as investors cashed in on large-cap stocks.
Most of heavyweights finished to the downside, with Kingdom holding dipping by 2.3 percent, Samba Financial Group 0.9 percent and bellwether SABIC (Saudi Basic Industries Corp.) 0.8 percent.
However, Saudi Arabia’s benchmark stock index spending most of the session in the downward territory ended lower to 7,071.57 points, down 16.25 points or 0.23 percent, from its previous day close at 7,087.82 points.
It went 6.6 points above and 30.9 points below the break-even line during the day.
Among market cap indices only Micro cap was able to close a little higher.
Sectoral performance remained mixed, with seven sectors gaining nearly 149 points and eight sectors trimming 170 points collectively.
Transport and Tourism sectors continued to march upward, showing a further positive change of 0.94 percent and 0.57 percent respectively.
On the other hand, Multi-Investment — the key performing sector of previous day — became the biggest decliner of the day, down exactly one percent to 3,807.07.
Decliners outnumbered the advancers by a margin of 77 to 57 and the prices of 22 companies remained unchanged.
Filling & Packing Material Mfg. Co. (FIPCO), Tourism Enterprises Co. and WALAA Insurance showed the best performance among all Saudi stocks, surging 7 percent, 5.6 percent and 5 percent respectively.
Investors’ interest into recently traded Northern Region Cement reduced, as Dar Alarkan Real Estate regained its most active status yesterday.
Dar Alarkan liquidated more than twenty million shares which accounted for 10.8 percent of the Tadawul volume.
Six-day surge ends at Tadawul
