TASI pares losses at midday, down 0.7%

08/01/2020 Argaam
by Parag Deulgaonkar

 

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) trimmed early morning losses, losing 0.7%, or 60 points, to 8,140 points in the first two hours of trading on Wednesday.

 

The index was down 1.4% in the first 10 minutes of trading in tandem with other regional and Asian stock markets after Iran fired missiles at 2 US bases in Iraq.

 

The advance-decline ratio at the time stood at 20:165.

 

Blue chip SABIC declined 0.3% to SAR 90.60, while banking heavyweight Al Rajhi shed 0.5% to SAR 64.60.

 

Oil giant Saudi Aramco was down 0.7% to SAR 34.10.

 

Shams was the top gainer, rising 5.2% to SAR 25.95.

 

Elsewhere, Dubai's main share index fell 1.2%, while Abu Dhabi index lost 0.7% by 12 pm (Riyadh time).

 

To contact the writer, email Parag Deulgaonkar at parag.d@argaam.com

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.