TASI sheds 2%; majority of stocks decline

Saudi Arabia’s Tadawul All Share Index (TASI) declined for the second consecutive day on Sunday, falling nearly 2 percent, or 165 points, to 8,366 points in the first two hours of trading.

Nearly 33 million shares, valued at SAR 951 million, were traded during the period. The advance-decline ratio stood at 29-138.

Blue chip SABIC sank 2.4 percent to SAR 107.20, while Sipchem was down 4.1 percent to SAR 21.10.

Banking heavyweight Al Rajhi fell 2.5 percent at SAR 67.20, while National Commercial Bank slipped 2.1 percent to SAR 55.80.

Arabian Centres, which debuted last week, was down 2.1 percent to SAR 24.

Savola Group was the top loser, falling 4.4 percent to SAR 30.20.

AlJazira REIT was the top gainer, rising 3.5 percent to SAR 12.40 .

Write to Parag Deulgaonkar at parag.d@argaamplus.com