Despite a plunge of 51.4 points after the opening bell, the Tadawul All-Share Index (TASI) finished with a surprise jump of 0.96 percent or 73.39 points yesterday, closing at 7,740.46.
On an YTD basis, TASI registered a positive return of nearly 939 points or 13.8 percent.
Market cap indices all witnessed a positive change for the day, with Med Cap advancing 1.23 percent.
All sectors extended gains except Media and Publishing, which pared nominal 10.87 points. Remaining 14 sectors showed a collection of 1,160.6 points jointly.
Agriculture & Food Industries outperformed among the sectoral indices, surging 2.22 percent to close the day at 8,405.11. Retail and Tourism were other significant advancing sectors, gaining over two percent for the day.
Most of heavy weights closed in green; where Samba Financial Group increasing by 1.96 percent, Mobily 1.2 percent and Al-Rajhi Bank 1.01 percent.
The market breadth was strong for the day as 122 stocks witnessing advances and other 21 stocks marking a decline.
Share price of new player Aljazira Takaful Taawuni Company rallied to a maximum growth of 10 percent to SR 11, clinching the spot as top gainer amongst Saudi stocks. Allied Insurance Group followed it, surging 8.63 percent and closing at SR39.
Share trading activity remained a little high, specifically SR 4.6 billion were poured into the market. Trading volume was improving, with about 185 million shares changed hands in the market, a growth of 2.7 percent over the previous level. The 50-day average for trading volume is closer to 235 million shares.
Alinma Bank continued to lead the turnover charts, liquidating 36.7 million shares and contributing SR541 million. It roughly captured twenty percent of the overall market volume, advancing more than one percent to SR14.7.
Tadawul recovers after early plunge
