The Tadawul All-Share Index (TASI) ended Sunday's trading in the red at 7,763.14 points, down 7.3 points or 0.09 percent from its previous day close. It performed within a trading range of 30.3 points.
Large Cap performed worst among the market cap indices, declining nearly half percent on Sunday. Most of heavyweights slipped from previous day’s level, with Samba Financial Group dipping by 1.95 percent, Kingdom Holding 1.4 percent and Saudi Telecom Co. 1.24 percent.
Sector indices performed in a mixed fashion, with seven sectors accumulating an aggregate of 433.6 points and eight sectors trimming 183.5 points jointly. Hotel & Tourism turned in a splendid performance among sectoral indices, reversing after a 3-day plunge and gaining 326 points or 2.44 percent for the day.
Transport sector, on the other hand, changed its position from top performer of previous trading day to the worst performing sector of the day, down more than one percent to 5,049.64.
The market breadth was exactly balanced with 68 issues witnessing advances against 68 issues recording declines.
New player Aljazira Takaful Taawuni Company continued its upward march, topping the gainers chart for the sixth straight day with 9.96 percent positive change. Northern Region Cement Co. followed it, surging 4.3 percent for the day. It was a significant advancer among most active stocks, liquidating 11.8 million shares and closing at SR24.15.
Tadawul turnover went slightly up by 3.7 percent and traded 186.4 million shares as compared to previous day’s 179.8 million shares. The 50-day average for trading volume is closer to 232.3 million shares. Saudi Mobile Telecommunications (Zain) with trades over 29 million topped the volume chart, closing exactly at par value.
Hotel & Tourism sector stays in the limelight
