TASI closes 0.4 percent down at 11,758 points: Market Wrap

  • 10/28/2021
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RIYADH: The Tadawul All-Share Index was down 49 points on Thursday closing at 11,758 points. That represent a 0.4 percent decline. Some 185.9 million shares changed hands in 301,000 deals, with heavy trading in AlRajhi Bank, Petro Rabigh, Sipchem The market"s decline comes under pressure from Petrochemical shares, led by SABIC"s share, which fell 3 percent, to continue its decline for the third session. On the other hand, Leejam Sports rose 5 percent to SR113.60 ($30.28), recording the highest close since its listing. The Saudi British Bank"s shares fell 2.2 percent after the bank announced a 15.5 percent drop in profits in Q3 to reach SR886 million ($236 million). “Saudi Aramco" recorded gains of 0.1 percent. The company"s shares ended the day at SR37.75 ($37.75) — the highest closing level since December 2019. Petrochem, Sipchem, Petro Rabigh, SABIC Agri-Nutrients, Chemanol and Maaden declined between 4 percent and 6 percent. The parallel market index "Nomu" was up 343.62 points, or 1.44 percent. It closed at 24255.84 points, after 1,348 trades. The shares of MEPCO, Maharah and Astra Industrial recorded gains in today"s session between 3 and 5 percent, amid high trading for those shares.

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