Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Tuesday in the red after its main Tadawul All Share Index (TASI) retreated 14.53 points, or 0.2%, to 7,832.98 points.
TASI’s trading volume stood at 148.33 million shares, down from 187.57 million on Monday, while the main market’s liquidity fell to SAR 3.17 billion, from SAR 3.83 billion.
Tadawul may reach the expected support level of 7,700 and 7,650 points after the major firms announced their third-quarter financial results, capital market analyst Faisal Alolayan told Mubasher.
After TASI has hovered over 7,000 points, the level of 7,400 is a safe level on the medium-term, Alolayan added.
The food and staples retailing sector fell 1.8%, followed by the telecommunication services sector with 0.96%.
The healthcare equipment and services, banking and materials sectors dipped 0.8%, 0.4%, and 0.2%, respectively.
On the other hand, the consumer services sector rose 1.4%, while the food and beverage sector increased by 1.3%.
MetLife AIG ANB Cooperative Insurance Company’s stock was the best performer with 10%, whereas the Saudi Industrial Export Company’s (SIEC) stock levelled down 7.8%.
Alinma Bank’s stock led in terms of trading volume after 24.23 million shares were exchanged with a turnover of SAR 528.08 million.
In the meantime, NOMU, the main index of the Nomu-Parallel Market, increased 1.04 points, or 0.04%, to close the mid-week session at 2,560.34 points.
Nomu’s traded value fell to SAR 354,400 on Tuesday, from SAR 1.34 million, while trading volume reached 20,850 shares, down from 65,850 shares.
Raydan Co’s stock inched up 0.3%.
Baazeem Trading Co’s stock acquired Nomu’s liquidity with SAR 149,970, while Abdullah Saad Mohamed Abo Moati for Bookstores Company’s stock topped in terms of traded volume after 6,500 shares were exchanged.
Translated by: Mohamed Hesham Azab
