By: Mohamed Idris
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session in the red zone.
Tadawul All Shares Index (TASI) slipped 0.12% or 7.14 points, and closed 5,989 points.
After a continuous rise in the last two weeks, where the main index gained around 600 points, it’s normal to see profit gaining by the investors, especially with anticipation of the Federal Reserve meeting regarding interest rates which could have implications on oil prices, financial analyst Rayan Alkharashi told Mubasher.
Traded volumes reached 250.7 million shares with a turnover of SAR 3.6 billion ($960 million), through 96,700 transactions.
A total of 125 stocks declined today led by Trade Union which dropped 5.68%, followed by Al-Yamamah Steel, and United Cooperative Assurance with 4.64% and 4.56% respectively.
Meanwhile, 39 stocks rose with Saudi Fisheries leading the gainers and surging 9.66% and closing at SAR 11.35.
As for the sectors performance 10 closed in red, led by media and publishing with 2.73%, hotels and tourism 1.78%, and building and construction with 1.27%.
On the other hand 5 sectors went up today, led by transportation with 1.10%, and telecom with 1%.
Dar Al Arkan was the most active traded volumes with 45 million shares, whil Alinma Bank registered the highest traded value at SAR 451.8 million.
Translated by: Moslem Ali
