Stock market loses 1 billion dinars in 5 sessions

The stock exchange lost approximately 1.11 billion dinars in market capitalization over five trading sessions, declining from 50.759 billion dinars at the end of the previous week to around 49.647 billion dinars, a drop of 2.19%. This came alongside a decline in the General Market Index of about 185.12 points, or 2.18%, falling from 8,475.93 points to 8,290.81 points. The performance occurred despite positive financial results announced by several banks during the week, which helped support some leading stocks during certain trading periods. The week-end decline took place amid political tensions, selling pressure, uncertainty in the economic outlook, and continued instability.

Yesterday’s session saw a broad-based drop in indices: the General Market Index fell 0.47%, equivalent to 39.19 points, closing at 8,290.81 points. The First Market declined by 0.48%, or 42.27 points, to 8,723.60 points, while the Main Market dropped 0.41% to 8,278.92 points. The “Main 50” index lost about 0.15%, closing at 9,086.19 points. Trading liquidity yesterday reached approximately 59.63 million dinars, with 229.8 million shares traded across 23,700 transactions.

Declines dominated sector performance at the week’s close, with eight sectors falling, led by Healthcare down 3.36%, Consumer Goods down 1.63%, and Basic Materials down 1.12%. Meanwhile, five sectors rose, notably Energy up 1.20%, Utilities up 0.79%, and Insurance up 0.53%.

Losses were more pronounced in the Main Market, whose index fell by approximately 309.04 points, or 3.6%, dropping from 8,587.96 points to 8,278.92 points. The First Market index lost about 168.37 points, or 1.89%, ending the week at 8,723.60 points compared to 8,891.97 points at the end of the previous week.