JEDDAH: ARAB NEWS
Published — Thursday 27 December 2012
Last update 26 December 2012 11:51 pm
The Saudi stock market bucked the three-day downward trend and turned green yesterday, adding couple of points merely.
The Tadawul All-Share Index (TASI) advanced a little from earlier levels to 6,866.71 points. The TASI spending most of the session in the red territory and within a range of 41.2 points finally crossed the break-even line, gaining a nominal 0.03 percent for the entire session.
Only Small cap among the market cap indices moved downward slightly.
Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 266 points.
Transport showed the best performance among sectoral indices, rising 1.78 percent for the day. Media and Publishing sector also continued its upward march, showing an increment of 48 points or 1.58 percent.
On the negative side, six sectors closed the day lower, dropping 129 points yesterday. Insurance sector went downward for the second straight day, reflecting a further reduction of 1.57 percent.
Top ten market cap companies ended the day in a mixed fashion. The losses made by the Saudi Telecom (-0.91 percent) and Saudi Arabia Fertilizers Co. (-0.82 percent) being offset by rise in Kingdom Holding (+2.7 percent) and Saudi Arabian Mining Co. (+0.91 percent).
The market breadth with advance-decline ratio of 0.73:1 remained unfavorable.
Saudi Industrial Export Co. made the biggest jump among all Saudi equities, surging by 7.89 percent to close at SR 75.25.
The share trading activity remained roughly 15 percent lower than previous day. Specifically, 147.1 million shares worth SR 4.3 billion changed hands on the Saudi stock market.