The Saudi stock market remained under pressure yesterday, as the Tadawul All-Share Index (TASI) continuing its sideways movement for most of the session inched up to 7,177.62 points, adding less than a single point for the entire day.
It went 8.9 points above and 14.4 points below the break-even line during the day.
Micro cap remained prominent among market cap indices, moving up by 0.6 percent.
Sectoral performance was mixed, with six sectors accumulating an aggregate over two hundred points and nine sectors trimming 278 points collectively. Retail and Agriculture were major winners among sectoral indices, which marginally increased by 1.23 percent and 0.81 percent respectively.
Hotel & Tourism sector, on the other hand, posted the largest losses, falling 1.85 percent to close the day at 10,043.09.
Top ten market cap companies also closed the day in mixed territories, showing small changes from previous day’s level. Saudi Electricity Co. (SECO) and Riyad Bank came out as significant players among heavyweights, offsetting their performance by 0.4 percent positive-negative change.
Knowledge Economic City was significant gainer among most active stocks, surging nearly three percent and capturing 5.8 percent of the overall market volume.
Decliners outnumbered the advancers by a margin of 75 to 58 and the prices of 24 companies remained unchanged.
Share price of Saudi Automotive Services Co. (SASCO) rallied to a maximum growth over nine percent, clinching the spot as top gainer amongst Saudi stocks.
Share trading activity was high, specifically SR 6.2 billion were poured into the market. Trading volume was improving, with about 215 million shares changed hands in the market, a growth of 6.2 percent over the previous level.
The 50-day average for trading volume is closer to 205.1 million shares.
SASCO clinchestop gainer spot
