Tadawul falls slightly

A slight change in the general perception of the investors appeared yesterday as Saudi stocks declined a little from earlier levels on relatively low turnover. After a steep decline of 63 points earlier, the Tadawul All-Share Index (TASI) zigzagged with small movements in the red zone for rest of the trading to close the day in same territory at 7,862.51 points, down 32.85 points or 0.42 percent over the previous close. Most of sectors indices closed in red - Media and Publishing dipped by 2.42 percent, Insurance 1.64 percent and Agriculture & Food Industries 1.51 percent. In turn, Energy & Utilities - the best performer (+1.42), Multi-Investment (+0.86) and Banks & Financial Services (+0.5) sectors have been unharmed by the day's trading. These sectors accumulated an aggregate of 197.57 points for the day. Heavy weights closed in mixed fashion, where Saudi Electricity Co. (SEC) retrieved a portion of previous four day's losses, soared up 1.7 percent. On the other hand, Al-Rajhi Bank went down by 1.25 percent to close at SR79.5. The market turnover went down by 12.5 percent and traded 542.8 million shares as compared to previous day's 620.5 million shares. The total value of traded shares reached to SR12.97 billion, a decrease of 15.4 percent.