Saudi Arabia's benchmark stock index reflecting a 3-day fall during the week, closed at 6,866.71 points last week, trimming only 21.88 points or 0.32 percent for the entire week. Its weekly trading range narrowed to 78.2 points as compared to previous week's 120 points.
TASI's year-to-date gains reduced further to 7.0 percent.
The market capitalization of Saudi stock exchange decreased slightly (-0.2 percent), reaching at the previous week's level of SR 1.41 trillion.
Med Cap and Large Cap indices closed the week slightly lower.
Sector indices performed in a mixed fashion last week, with seven sectors accumulating an aggregate of 526 points and eight sectors paring 403 points collectively.
Media and Publishing outperformed among all Saudi sectors, stepping upward throughout the week and gaining roughly five percent to 3,066.84. Transport sector followed it, advancing 185 points or 3.86 percent for the week.
On the worst side, Insurance sector was the significant decliners, going down by 1.26 percent. Allied Cooperative Insurance Group and ACE Arabia Cooperative Insurance delivered a largely negative performance for the week, slipping 10.7 percent and 8.0 percent respectively.
Heavy weight also closed in mixed. Kingdom Holding continued its upward march for the second straight week, surging 5.85 percent further. Saudi Telecom has also been showing sequential gains, achieving another weekly growth of 2.1 percent.
SABB, on the other hand, lost its entire gains of previous week, going down by 3.81 percent to close at SR 30.3.
Weekly market breadth was negative as falling stocks outnumbered rising ones two-to-one on the Saudi stock market. Furthermore, upside-downside volume ratio was 0.4:1.
Arriyadh Development (+16.47 percent) and Tihama Advt. & Public Relations Co. (+15.02 percent) showing notable gains became the top weekly performers among all Saudi stocks.
Most of the major benchmark indices at GCC stock markets ended the week in red.
The benchmark GulfBase GCC General Index also closed the week lower at 3,916.74 points level, dropping slightly by 14.65 points or 0.37 percent for the entire week.
Media sector posts solid gains
