Saturday , May 8 2021

Saudi shares suffered a $ 9.6 billion loss in the first session this week



DUBAI (Reuters) – Shares in Saudi Arabia fell more than 2 percent on Sunday, losing around 36 billion riyals ($ 9.6 billion) from their market value, driven by long-term sales, amid concerns and worries about investors from political events this time.

The index closed the general market for Saudi shares, traded on Sunday, down 2.16%, equivalent to 165.26 points, to end the meeting at 7496.91 points, with a decline in the majority of companies traded in today's session, according to published data on the Saudi market website "Tadawul."

The number of shares traded was more than 142.7 million shares, with a turnover of around 3 billion riyals, worth 800 million dollars, which was done through more than 110 thousand transactions, in which shares of 14 companies rose in value, while shares of 168 companies were closed.

The market value of the shares listed on the Saudi market fell to around 1,780 trillion riyals, or 474.6 billion dollars, from 1,816 trillion riyals, or 484 billion dollars, at the end of last Thursday.


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