Tadawul sheds 43.90 points

The Tadawul All-Share Index (TASI) slipped in the negative territory earlier yesterday. The index closed at 7,105.52 points, shedding 43.90 points or 0.61 percent further. The index went nearly 59 points lower before the closing bell. Its year-to-date yield reached to 10.72 percent. All market cap indices closed in the downward district yesterday. Most of the sector indices ended negatively, with 12 sectors paring an aggregate of 502.6 points for the day. In turn, Energy, Telecom and Agriculture sectors have been unharmed by the day's trading, showing a collection of 31.1 points jointly. Multi-Investment sector came out as the biggest loser of the day, down by 1.81 percent or 66.6 points to close at 3,604.98. Insurance and Industrial Investment sectors followed it, declining more than one percent for the day. Six out of top ten heavy weights closed in red with Kingdom Holding continuing its downward fall for the second consecutive day, going down by 3.12 percent. Samba Financial Group, the bellwether SABIC (Saudi Basic Industries Corp.) and Saudi Arabia Fertilizers Co. (SAFCO) followed it, showing more than 0.8 percent negative change. Only three heavyweights including Saudi Electricity Co., the best performer (up 0.38 percent), turned green. Decliners outnumbered the advancers by a margin of 108 to 32 and the prices of 14 companies remained unchanged. Allied Cooperative Insurance Group (ACIG) showed a tremendous performance among all Saudi stocks, marching higher by 7.14 percent to close the day at SR 42. Allianz Saudi Fransi, on the other hand, posted the largest losses, falling 10 percent for the day. From : Arabnews