Tadawul keeps upward march

The Tadawul All-Share Index (TASI) dug in at 7,095.48 points yesterday.
The index started a sideways walk along the break even line earlier yesterday but it took a sharp uplift just before the closing bell, gaining more than 19 points or 0.27 percent.
Its trading range narrowed further to 24.6 points as compared to 29.4 points of previous day. The market cap indices all ended in the safe area.
Sectoral indices performed in a mixed fashion, with nine sectors accumulating an aggregate of 145 points and six sectors trimming 129 points collectively.
Insurance sector outperformed relatively, reflecting an increment of 1.33 percent to 1,305.23 points. Petrochemical sector was another significant gainer, rising by 0.74 percent.
Top ten market cap companies also closed the day in mixed territories, showing small changes from previous day’s level. Etihad Etisalat Co. (Mobily) and bellwether SABIC (Saudi Basic Industries Corp.) remained prominent, increasing by 0.9 percent and 0.8 percent respectively. While, SABB ended 0.3 percent lower at SR33.3.
The market breadth with advance-decline ratio of 1.12:1 remained a little favorable.
Allianz Saudi Fransi Insurance turned in a splendid performance among all Saudi stocks, jumping 9.95 percent to SR 63.5. Saudi Automotive Services Co. followed it, advancing 9.77 percent yesterday. SASCO with trades over 7.9 million shares positioned itself among the most active stocks, closing the day at SR 23.6 and ranking third.
The value of these shares totaled SR 183.4 million, a relative market share of 3.2 percent.
On the other hand, new player National medical care company with a turnover of SR 637.7 million secured its most liquid status but the company suffered the greatest amount of damages, turning down further by SR9 or 9.81 percent to close at SR82.75.