The Tadawul All-Share Index (TASI) yesterday rose 10.14 points to finish at 6,998.33 after trading between 6,988.19 and 7,015.95. While curving in the upward territory throughout the session it added 0.15 percent for the entire day.
Micro cap remained prominent among market cap indices, advancing 0.8 percent for the day.
Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 284 points.
Retail sector remained at top showing an increase of 0.97 percent to 7,681.61 from 7,607.48. Hotel & Tourism sector followed it, rising 0.6 percent for the day.
On the negative side, six sectors including Energy & Utilities — the worst performer (down 0.6 percent) ended in red, paring 71 points jointly.
Advancing stocks outnumbered decliners by a margin of 85 to 47 and the prices of 23 companies remained unchanged.
Alalamiya Cooperative Insurance continued its upward march for the sixth consecutive day, surging SR6.0 further or 7.6 percent to SR85.0. Arabia Insurance Cooperative was another significant gainer, rising by 4.15 percent.
Furthermore, SABB and Kingdom Holding showed the best performance among heavyweights, moving up by 1.21 percent and 0.49 percent respectively.
Market activity remained roughly 10 percent lower than previous level. More than 190.6 million shares worth SR4.4 billion changed hands on the Saudi stock market.
Most of the trading was concentrated in Saudi Mobile Telecommunications Co. (Zain), which liquidated nearly 43.3 million shares, a relative market share of 22.7 percent. But the company again went downward, declining 2.9 percent and closing below its par value.
Slight recovery in Saudi stocks
