Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) retreated to 8,142.66 points Tuesday, which was roughly where it started the session.

It surged more than forty points earlier and then moving sideways for rest of the session finally closed one point below the break-even line.

Seven out of Tadawul’s fifteen sectors extended gains, reflecting an accumulation of 298.8 points. Insurance sector dominated the performance at Tadawul, advancing 1.38 percent to close at 1,111.79. Retail was another key gaining sector, growing by 127.5 points or 1.12 percent.

Real estate development sector, on the other hand, switched its position from top performer of previous day to the worst performing sector of the day, declining by 0.82 percent.

The market breadth remained a little unfavorable, with 62 issues witnessing advances against 79 issues recording declines.

Insurance stocks were the significant winners of the day with Weqaya Takaful insurance, Aljazira Takaful Taawuni Company and SABB Takaful, marching higher by 9.97 percent, 7.91 percent and 5.52 percent respectively.

On the contrary, United Electronics Company suffered worst of all equities, showing a reduction of SR 6 or 5.17 percent.

Market volume went down by 13.7 percent and traded 238.98 million shares as compared to previous day’s 277.0 million shares. But still it was seven percent greater than 50-day average of 223.4 million shares.

A considerable amount of liquidity SR5.8 billion flowed into the market, a slight increase from previous level.

Alinma Bank regained its most active status yesterday, liquidating 31.1 million shares, which equates 13 percent of overall market volume. The value of these shares totaled SR445 million, a relative market share of 7.7 percent.