3 major sectors fall in the Saudi stock market … and...

3 major sectors fall in the Saudi stock market … and...
3 major sectors fall in the Saudi stock market … and...
Riyadh – Mubasher: The Saudi Stock Market – Tadawul ended Tuesday’s session in red, to resume its losses in light of the decline of 3 major sectors, amid a positive performance of the energy sector, which violated the trend of the main sectors with the support of “”, to reduce market losses.

The general market index “TASI” closed down 0.28%, with losses of 22.43 points, dropping to the level of 7,998.59 points, to give up the levels of 8 thousand points again.

The closing of 15 sectors came in red, led by “banks”, which fell by 0.44%, the telecommunications sector declined by 0.58%, and losses in the basic materials sector amounted to 0.21%.

On the other hand, the rest of the sectors closed higher, led by the capital goods sector, which recorded an increase of 2.3%, and the energy sector rose 0.51%, in light of the rise of “Aramco”.

Saudi Aramco shares closed up 0.58%, at 34.40 riyals, to continue its positive performance for the second consecutive session, coinciding with the company’s announcement of the results and distributions of the third quarter.

The financial results of Saudi Aramco revealed today, Tuesday, that the net profit fell 44.6%, to 44.21 billion riyals, compared to 79.84 billion riyals for the third quarter of 2019.

The company’s board of directors decided to distribute cash dividends to shareholders of 70.32 billion Saudi riyals ($ 18.75 billion) for the third quarter of 2020, by 0.3518 riyals per share.

“Malath Insurance” issued stock losses in the Saudi market, by the end of Tuesday’s session, after falling 6.49%. The highest gains were for Al Kathiri, which rose 9.97%.

Market trading values ​​rose to 7.27 billion riyals, through 291.33 million shares, compared to 6.83 billion riyals, through 305.73 million shares, by the end of Monday’s session.

Saudi Cable issued the active shares at all levels, with a trading value of 481.4 million riyals, through 17.75 million shares, and closed 2.29% at the level of 26.80 riyals.

At the level of the parallel market, the index (growth cap) closed up 6.83%, adding 1,184.66 points to its balance, rising to the level of 18,530.84 points.

The “National for Construction and Marketing” issued the winning shares, up by 18.78%, and the red color was limited to the Al Samani and Food Development Company shares, down 1.67% and 1.19% for each, respectively.

The general index of the Saudi stock market ended the trading session on Monday, up by 1.99%, to return to the gains after 3 consecutive declines, and to recover the levels of 8 thousand points.


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