(MENAFN - Arab News) Saudi stocks have been falling throughout the week taking signal from other international equity markets. Profit-taking took place and Tadawul sank roughly four percent last week.
On the weekly chart, the Tadawul All-Share Index (TASI) took downward march with a couple of big dips of roughly 145 points each, and ended the week at 7,573.28 points. It lost 322.08 points or 4.08 percent for the entire week.
All market cap indices ended the week in the negative zone.
Overall weekly performance of sectoral indices remained negative as all closed in red, with Hotel & Tourism slipped 7.68 percent; Industrial Investment followed it down 7.02 percent for the week.
Banks & Financial Services sector suffered least losses comparatively, down 1.96 percent to close at 17452.66 points.
Market participants responded positively as trading volume at Tadawul rose to 3.3 billion shares traded, a 10 percent increase over previous week's volume when 2.9 billion shares changed hands.
Furthermore, total market capitalization of Saudi stock exchange reached at SR1.48 trillion as compared to previous week's SR1.55 trillion, a decrease of 4.1 percent.
Alinma Bank remained as most active stock for the week and occupied the first position in terms of trading volume and value as well. Its trading volume reached to 603.2 million shares, capturing 18.4 percent of Tadawul volume.
Market breadth was negative as only 9 Saudi companies were able to manage a gain for the week, with Tihama Advt. & Public Relations surged 9.8 percent. Bank Albilad ranked second, rising by 6.48 percent to close the week at SR31.20.
During the week, Atheeb Telecom came out as the biggest loser amongst all Saudi stocks, down 27.69 percent.