Saudi Tadawul declines 3.69% in a week 

(MENAFN - Arab News) .The Tadawul All-Share Index (TASI), which continued stepping downward throughout the week, ended in the red territory at 6,585.63 points, down 252.42 points or 3.69 percent from its previous weekend close at 6,838.05 points.

Micro cap performed worst among the market cap indices, declining more than 6 percent in a week.

Sectoral performance was largely negative, as 14 out of the 15 sectors closed in downward territory, paring an aggregate of 2,365.78 points for the entire week.

Multi-Investment and Telecom sectors were significant losers, trimming 5.7 percent for the week. Building & Construction sector followed them, showing a 5.6 percent decrease.

Only Transport sector closed in the upward zone, reflecting a weekly growth of 2.03 percent.

Decliners outnumbered the advancers by a margin of 135 to 14 and the prices of 5 stocks remained unchanged.
Saudi Enaya Insurance led the top gainer weekly chart, rising by 25.2 percent.

On the other hand, Saudi Integrated Telecommunication (Almutakamela) was the worst performer, topping the decliner weekly chart with 20.9 percent negative change.

Share trading activity remained low during the week, as Tadawul volume went down by 25.2 percent and traded 1.4 billion shares as compared to previous week's 1.9 billion shares.

Total equity turnover stood at SR 27.3 billion compared to SR 33.9 billion in previous week, a decline of 19.5 percent. Furthermore, upside-downside volume ratio was 0.13:1.

Market capitalization of Saudi stock exchange reached at SR 1.31 trillion as compared to previous week's SR 1.35 trillion, a decrease of 3.34 percent.
All benchmark indices at GCC stock markets ended the week in red, except Muscat Securities Market, which rose 0.43 percent for the week.

The benchmark GulfBase GCC General Index also lost 82.36 points or 2.15 percent for the entire week to close at 3,753.81 points level.