Tourism sector advances 1.52%

Saudi Arabia’s benchmark stock index (TASI) yesterday rose 16.67 points to finish at 7,517.36 after trading between 7,489.36 and 7,527.57. The index traded within a range of 38.2 points, adding 0.22 percent for the entire day.
On year-to-date basis, it showed a yield of 10.53 percent.
All market cap indices ended in the safe area.
Most of the major sectors closed in the green territory, accumulating an aggregate of 334 points.
Hotel & Tourism sector with an upward jump of 171.5 points or 1.52 percent remained prominent among sectoral indices, closing the day at 11,478.12.
Insurance sector, on the other hand, posted the largest losses for the second consecutive day, turning down 0.83 percent further.
Top ten heavyweights closed the day in mixed territories, showing small changes from previous day's level. Etihad Etisalat Co. (Mobily) remained significant gainer, moving up 0.63 percent for the day.
Market breadth was positive, with 81 stocks witnessing advances and 48 others marking a decline.
Middle East Specialized Cables and Halwani Brothers came out as key gainers among all Saudi stocks, marching higher by 6.57 percent and 4.85 percent
Market activity was a little low for the day; specifically 208.3 million shares worth SR 5.2 billion were liquidated at Tadawul. This turnover reflects a daily decrease of 4.5 percent on volume basis and 6.7 percent in terms of liquidity.
But upside-downside volume ratio of 5.7:1 remained strong.
The top five most active stocks also witnessed a positive change, with Emaar the Economic City surging more than two percent, Dar Alarkan Real Estate 1.92 percent and Zain 1.5 percent.
Dar Alarkan with trades over 28.8 million shares topped the volume chart, capturing roughly 14 percent of the overall market volume.