After a couple of days of trading in the green, the Saudi stock market took a reversal yesterday, dropping a few points merely.
The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,019.2 points, down 8.3 points or 0.12 percent, from its previous day close at 7,027.49 points.
It went 6 points above and 25 points below the break-even line during the day.
The market cap indices ended the day in mixed territories.
Most of the sector indices ended negatively, with nine sectors paring an aggregate of 142 points. Building & Construction sector came out as the biggest loser of the day, down by 0.66 percent or 19.3 points to close below the 3,000-mark.
Hotel & Tourism — the best performing sector of previous day — followed it, declining 0.4 percent to 9,534.20.
On the positive side, six sectors moved upward slightly, showing a collection of 95 points. Insurance sector remained the significant gainer yesterday, advancing 0.8 percent.
Market breadth remained favorable, as advancing stocks outnumbered decliners by a margin of 66 to 58 and the prices of 32 companies remained unchanged.
Saudi Indian Company for Co-operative Insurance dominated the performance among all Saudi equities, topping the gainer chart with 9.71 percent positive change. Saudi Airlines Catering Company was another significant advancer which gained 6.43 percent to SR91.
Saudi Arabian Amiantit Company, on the other hand, posted the largest losses, falling 6.8 percent to close the day at SR14.4.
Saudi Mobile Telecommunications Co. (ZAIN) turned in a splendid performance among most active stocks, advancing 2.42 percent for the day. It with trades over 18.7 million shares topped the volume chart, capturing roughly 13 percent of the overall market volume.
Furthermore, SABB showed the best performance among heavyweight stocks, rising 1.23 percent for the day.
Tadawul takes a negative turn
