Tourism and Media sectors gain over 4%

Despite a wide fluctuation, the Tadawul All-Share Index (TASI) changed a little from earlier levels yesterday, declining merely 1.15 points or 0.02 percent to close at 7,112.59.
The index traded in a little high range (52.4 points), moving 22.1 points up and 30.3 points below the level of opening bell yesterday.
Micro cap with 1.8 percent upward jump remained prominent among market cap indices.
Most of the major sectors closed in the green territory, accumulating an aggregate of 963 points. Hotel & Tourism sector stepped up to occupy the top position at Tadawul, surging 469 points or 4.48 percent further to close at 10,956.70. It also reflected a year-to-date change (+51.05 percent) which is highest amongst all Saudi sectors.
Media and Publishing sector also continued its upward march for the sixth consecutive day, marking another gain over four percent and closing at 3,251.80.
On the negative side, three sectors including Petrochemical Industries — the worst performer (down 1.04 percent) ended in red, paring 80 points jointly.
Kingdom holding and Riyad Bank outperformed among large market cap companies, reflecting an increment of 2.47 percent and 1.3 percent respectively.
Most active stocks also showed a positive change, with National agriculture marketing Co. rising by 8.9 percent and Sanad Insurance 2.54 percent.
The market breadth with advance-decline ratio of 1.5:1 remained favorable.
Tourism Enterprise Co. and Tihama Advertising & Public Relations Co. continued to dominate the performance chart in a consecutive manner, marching higher by 9.97 percent and 9.8 percent respectively.
Tadawul Investors lacked buying interest yesterday, as the market’s volume went 12.8 percent below the 50-day average of 204.6 million shares.