TASI drops nearly 2%; majority of stocks down

Saudi equities continued to decline for the straight fourth session, with the benchmark Tadawul All Share Index (TASI) falling 1.8 percent, or 146 points, to 7,686 points in the just 20 minutes of trading on Sunday.

Over 18 million shares, worth SAR 489 million, were traded, with the advance-decline ratio standing at 5-158.

Blue chip Saudi Basic Industries Corp. (SABIC) slipped 3.4 percent to SAR 90.30.

Banking major Al Rajhi was down 2.9 percent to SAR 58. SABB, BSFR, Alinma, NCB and Albilad were down between 1 and 3 percent.

Petro Rabigh was the top decliner, falling 5.8 percent to SAR 18.28. 

Meanwhile, BATIC was the top gainer, rising 1.8 percent to SAR 32.90.

The Kingdom’s Energy Minister Prince Abdulaziz bin Salman said that a temporary production halt has resulted from the drone attacks at the two Saudi Aramco oil facilities.

Read: Energy minister says attacks temporarily halt Aramco production

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