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Saudi- Energy utilities stocks plunge over 3
(MENAFN- Arab News) The benchmark Tadawul All-Share Index ended Tuesday's trading in the red at 9490.88 points down 41.6 points or 0.44 percent from its previous day close.
It plunged to a maximum of 1.12 percent during the day.
Micro cap index (-1.92) contributed to the weak closing of the market the GulfBase said in its market commentary.
Most of the major sectors closed in the downward territory dropping 954 points collectively.
Energy & Utilities sector posted the largest losses falling over three percent to 6587.55. Insurance sector followed it declining 2.28 percent for the day.
On the other positive side Hotel & Tourism sector advanced 1.22 percent to 23709.34.
Heavy weights closed in mixed fashion where Al-Rajhi Bank rose 0.81 percent and Saudi Electricity Co. (SECO) fell 3.44 percent for the day.
The total number of falling stocks exceeded to the total number of rising stocks by a huge margin of 144 to 20.
Saudi Automotive Services Company (SASCO) led the top gainers chart at Tadawul surging 2.82 percent and climbing to a fresh five-year high of SR30.8.
On the other side of the spectrum Share price of SABB Takaful Co. dived to a maximum decline of 10 percent closing the day at SR46.1.
The company volume went 5.2 times high over its 50-day average liquidating 7.2 million shares.
Saudi Fisheries Co. dipped to a new 52-week low reduced by 3.62 percent.
It was eighth consecutive decline of Saudi Arabian Refineries Co. on Tuesday down 2.09 percent.
Market volume with trades over 166 million shares remained thirty percent greater than previous level but still it was 41.5 percent lower than 50-day average.
More than SR5 billion pumped into the market an increase of 16.5 percent from the previous value.
It plunged to a maximum of 1.12 percent during the day.
Micro cap index (-1.92) contributed to the weak closing of the market the GulfBase said in its market commentary.
Most of the major sectors closed in the downward territory dropping 954 points collectively.
Energy & Utilities sector posted the largest losses falling over three percent to 6587.55. Insurance sector followed it declining 2.28 percent for the day.
On the other positive side Hotel & Tourism sector advanced 1.22 percent to 23709.34.
Heavy weights closed in mixed fashion where Al-Rajhi Bank rose 0.81 percent and Saudi Electricity Co. (SECO) fell 3.44 percent for the day.
The total number of falling stocks exceeded to the total number of rising stocks by a huge margin of 144 to 20.
Saudi Automotive Services Company (SASCO) led the top gainers chart at Tadawul surging 2.82 percent and climbing to a fresh five-year high of SR30.8.
On the other side of the spectrum Share price of SABB Takaful Co. dived to a maximum decline of 10 percent closing the day at SR46.1.
The company volume went 5.2 times high over its 50-day average liquidating 7.2 million shares.
Saudi Fisheries Co. dipped to a new 52-week low reduced by 3.62 percent.
It was eighth consecutive decline of Saudi Arabian Refineries Co. on Tuesday down 2.09 percent.
Market volume with trades over 166 million shares remained thirty percent greater than previous level but still it was 41.5 percent lower than 50-day average.
More than SR5 billion pumped into the market an increase of 16.5 percent from the previous value.
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