Saudi Gazette Report
RIYADH — Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6 p.c or 57 factors decrease at 9,995 factors on Monday, recording the bottom shut since April 2021. The index declined for the seventh consecutive session, falling greater than 600 factors. Complete turnover reached almost SR 4.4 billion.
With these transactions, the market index continues its decline for the seventh session in a row, because the share of the Tadawul Group led the declines by 7 p.c at SR139.80 amid transactions amounting to about 1.2 million shares.
The shares of Saudi Aramco and Al-Rajhi Financial institution declined to SR31 (one p.c) and SR 69.90 (two p.c) respectively. The shares of ACWA Energy, Almarai, Financial institution Albilad, Saudi Funding Financial institution (SAIB), Banque Saudi Fransi, Arab Nationwide Financial institution, and Americana recorded a fall ranging between two p.c and 5 p.c.
Tihama Promoting and Public Relations Co. was the highest gainer of the day whereas the shares of SABIC Agri-Vitamins jumped three p.c to SR 130.60 following the announcement of the monetary outcomes for the fourth quarter of 2022, which got here greater than market expectations. The shares of Dar Al-Arkan, Tasnee, Riyad Financial institution, Superior, Financial institution AlJazira, eXtra, and SIIG additionally recorded a rise, ranging between two p.c and 5 p.c.
The market index had declined three hours after the opening of Monday’s session, beneath the extent of 10,000 factors, for the primary time because the starting of 2023, with transactions amounting to about SR2.3 billion, earlier than it lowered its decline on the finish of the session.