The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,699.02 points, down 45.15 points or 0.58 percent from its previous day close. While curving in the downward territory throughout the day it dipped to a maximum loss of 75.9 points. Its year-to-date yield still remained over thirteen percent.
Large Cap performed worst among the market cap indices, declining 0.85 percent yesterday. Most of heavyweights slipped from previous day’s level, with Al-Rajhi Bank dipping by 2.32 percent, SABB 1.79 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.3 percent.
Only Samba Financial Group turned green, moving up by 1.97 percent to SR 51.75.
Sector indices performed in a mixed fashion, with seven sectors accumulating an aggregate of 155 points and eight sectors trimming 329.3 points jointly.
Hotel & Tourism came out as the best performing sector, advancing nearly one percent to close the day at 12,514.56.
Real Estate Development sector, on the other hand, changed its position from top performer of previous day to the worst performing sector of the day, down 0.9 percent to 4,765.28. Banking sector also trimmed more than 152 points, down 0.9 percent.
Market breadth remained slightly negative, with 55 stocks witnessing advances and 67 others marking a decline.
Insurance stocks topped the performance chart at Tadawul, with Salama Cooperative Insurance surging by 7.47 percent and Alalamiya Cooperative Insurance 2.71 percent.
Share trading activity remained low yesterday, as Tadawul volume set sold approximately 119 million shares, a decrease of 26.8 percent as compared to previous level and 49 percent below the 50-day average of 233.5 million shares.
Liquidity also shrank to SR 3.9 billion, 30.2 percent lower than the 50-day average of SR 5.6 billion.
Tourism sector advances 0.99%
