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Real Estate Mgmt & Dev't
Food & Beverages
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- 9590 - ARMAH
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Saudi stocks recouped early losses on Sunday as majority of energy and banking stocks recovered.
The benchmark Tadawul All Share Index (TASI) slipped below the 8,200 mark, falling nearly 1%, or 76 points, to 8,170 points in the first two hours of trading.
Over 73 million shares, worth SAR 1.8 billion, were traded during the period, with the advance-decline ratio at 39:148.
Blue chip SABIC was down 0.5% to SAR 87, while banking major Al Rajhi shed 0.9% to SAR 65.80.
Alinma Bank lost 3.1% to SAR 25.10 as FY 2019 net profit declined 11% year-on-year (YoY) to SAR 2.5 billion.
Oil giant Aramco was down 0.4% to SAR 33.95.
Sharqiyah Development was the top gainer, rising 9.5% to SAR 62.50.
On Friday, the Dow Jones Industrial Average plunged more than 600 points, registering its steepest one-day loss since August 2019. The S&P 500 and Nasdaq Composite both declined by over 1.5%.
Write to Parag Deulgaonkar at parag.d@argaam.com
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