Tadawul index inches higher

Saudi stocks hovered in small gains and losses yesterday, almost a repeat of previous day’s flat performance which turned positive and the day ended in green.
The Tadawul All-Share Index (TASI) inched up to 7,127.68 points, showing an increment of 3.28 points or 0.05 percent growth for the entire day.
It wavered within a narrow range of 20 points yesterday.
Micro Cap performed worst among the market cap indices, declining more than one and half percent.
Saudi sector indices performed in a mixed fashion, with six sectors accumulating an aggregate of 193.5 points and nine sectors trimming 338.6 points collectively.
Cement came out as the best performing sector of the day, advancing 1.63 percent or 104 points to close at 6,503.11.
City Cement Co, Hail Cement and Northern Region Cement were key gainers in this sector, surging up by 6.2 percent, 4.4 percent and 2.4 percent respectively.
Northern with trades over 16 million shares positioned itself among the most active stocks, closing the day at SR 19.3 and ranking third.
On the other negative side, Media and Publishing sector continued its downward fall, going down further by three percent and closing at 3,027.66.
Transport and Multi-Investment sectors followed it, declining nearly two percent.
Market breadth with advance-decline ratio of 0.65:1 remained slightly negative.
Saudi Indian Company for Co-operative Insurance (WAFA Insurance) played well among all Saudi companies, marching higher by 7.36 percent to close the day at SR138.5.
On the other side of the spectrum, Tihama Advertising & Public Relations Co. suffered the greatest amount of damages in a consecutive manner, turning down 9.67 percent further.
Tihama also topped the value chart, contributing SR 619.6 million, which is around 10 percent of the overall market value.