Only Micro cap index managed for a gain yesterday. Four sectors including Insurance, the best performer (up 0.82 percent), moved higher from previous day's level. Rest of the sectors trimmed more than thousand points jointly.
Media and Publishing sector continued its downward spiral and fell for a fifth session on Wednesday, shedding 204 points or 5.62 percent to 3,429.53. Hotel & Tourism was another significant declining sector, going down by 1.84 percent. But both sectors are considered to be low in weightage.
Decliners outnumbered the advancers by a little margin of 74 to 70 and the prices of 15 companies remained unchanged.
On the other side of the spectrum,
Kingdom holding performed worst amongst heavyweight equities, declining one and half percent. However, SABB volume went 15 times high over its 50-day average, liquidating 2.7 million shares.
Market activity was a little low for the day; specifically 219.8 million shares worth SR8.4 billion were liquidated at Tadawul. Turnover went down by 29.2 percent on volume basis and 24 percent in terms of liquidity.
The 50-day average for trading turnover is closer to 349.4 million shares worth SR10.9 billion.
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