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Business & Economy

Tadawul index rises slightly

Saudi stocks hovered in small gains and losses on the last trading day of the week, almost a repeat of previous day's flat performance, which turned slightly positive and the day ended in green.
The Tadawul All-Share Index (TASI) started a sideways walk along the break even line earlier yesterday, reflecting a narrow trading range (38.3 points) ended at 6,729.19, up 12.73 points or 0.19 percent for the entire day.
Sectoral performance was positive, as 9 out of the 15 sectors closed in upward territory, accumulating an aggregate of over 239 points. While, six sectors ended in red, paring 122 points jointly.
Media and Publishing sector outperformed among all sectors, reflecting a growth of 1.29 percent for the day. Retail sector added roughly 78 points or 1.07 percent to close at 7,385.83, ranked second.
The total number of falling stocks exceeded to the total number of rising stocks by a margin of 71 to 62 and the prices of 22 companies remained unchanged.
AXA Cooperative Insurance Company showed the best performance among all Saudi stocks, surging by 7.28 percent to close at SR 48.60.
SABIC (Saudi Basic Industries Corp.) played well among big players, marching higher by 0.84 percent to close the day at SR 89.5. The market leader continued securing its first position in term of value, reflecting a turnover of SR 405.7 million.
Furthermore, the volume chart was led by Dar Al-Arkan Real Estate with trades of over 28.4 million shares.

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