Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 2.32%, or 230.76 points, to 9,695.86 on Thursday, its lowest close since April 2021, as selling spread across Gulf stock markets.
The decline was the index’s fourth in a row. TASI ended the week 4.1% below the previous Thursday’s close of 10,106.54, its eighth consecutive weekly loss based on closing data.
Main market turnover reached about SR4.88 billion, with 329.19 million shares traded in 512,758 deals, according to closing auction data compiled by Argaam. The index gained 23 points during the closing auction.
Shares of 46 companies and units of five real estate investment trusts touched their lowest levels since listing during the session, Argaam data showed. Another 67 companies and two REITs hit 52-week lows.
Those at record lows included food delivery firm Jahez, which fell as low as SR9.67, and exchange operator Saudi Tadawul Group, which touched SR106.20.
The selling followed an attack on King Fahd International Airport in Dammam on Wednesday evening. The General Authority of Civil Aviation said on Thursday that operations at the airport had resumed and that the death toll had risen to two, with eight people injured.
In Dubai, the DFM General Index fell 0.72%, or 42.18 points, to 5,817.76, the exchange’s daily bulletin showed. Emirates NBD dropped 2.88% to AED31.08, Emaar Properties lost 1.22% to AED11.38 and Emaar Development fell 1.73% to AED12.50.
Abu Dhabi’s FTSE ADX General Index fell 0.71% to 9,702.15. Aldar Properties declined 2.6% to AED7.69, First Abu Dhabi Bank lost 2.5% to AED18.62 and Abu Dhabi Islamic Bank slipped 1.4% to AED22.30, the Arabic daily Al Khaleej reported.
Qatar’s QSE index fell 0.37%, or 32.37 points, to 8,611.10, the Qatar News Agency reported. Turnover was QR409.7 million. Shares of 31 companies fell and 18 rose.
Market capitalization on the Qatari bourse stood at QR526.39 billion at the close, compared with QR528.69 billion in the previous session.
In Kuwait, the All-Share index fell 0.47%, or 39.19 points, to 8,290.81, with trading worth KD59.6 million. The Premier Market index lost 0.48% to 8,723.60 and the Main 50 index slipped 0.15% to 9,086.19.
