Tadawul Gives up its Morning Gains, Ends down 0.5%

The Saudi stock exchange gave up its early-session gains to conclude  Wednesday session, at 11,204.43 points, down 56.85 points, or 0.5%, from the previous session.

On the other hand, the parallel market index Nomu, finished the session with a loss of 747.13 points, or 2.75%, compared to the previous session closing, settling at 26,409.03 points, with 5,022 completed trading.

Liquidity on the major market Tadawul was at SR6.1billion, resulting from the trading of as much as 165.9 million shares, through 334.7 thousand trades, as  shares of 39 firms were increasing against 158 declining businesses.

19 of the 21 market sectors fell, led by 1.9% decline in media, entertainment, and consumer services and 1.8% decline in commercial and professional services and capital goods, while the applications, technology services, and health care sectors fell by 1.2% and 0.5%, respectively.

Investments 9.1%, MIS 3.6%, French 3%, Al-Sager 2.7%, Gas 2.6%, and SABIC Agricultural Nutrients 1.8%, were the biggest gainers.

Meanwhile, Fish Fash 8.8%, National Building and Marketing 5.9%, Farm Superstores 5.2%, Alinma Tokio Marine and Exports 4.9%, Amiantit 4.8%, Computer 4.6%, and Raydan 4.5%, were also among the biggest decliners.