Saudi Stock Market Closes at Ten-Session Low

Riyadh, The Index (TASI) lost 0.74 percent or 52.26 points, and closed at the level of 7,046.38 points, its lowest level in 10 sessions.

The Saudi Stock Exchange (Tadawul) ended Sunday's trading in the red zone for the fifth consecutive session. Traded values decreased by 18.33 percent to SR 3.37 billion from SR 4.14 billion on Thursday, reaching its lowest figure since mid-January. Volumes also went down by 18.83 percent to 170.75 million shares compared to 210.36 million shares on last session, its lowest level since 19 October.

In terms of sectors performance, all closed in red except for retail which gained 0.06 percent, while media and publishing saw the biggest losses and dropped 3.3 percent, followed by commercial and professional services with 2.56 percent, energy 2.54 percent, banks, 0.9 percent, and telecom with 0.71 percent.

Source: Qatar News Agency