The Saudi stock market bucked the prevailing 4-day negative trend and turned green yesterday.
Saudi Arabia’s benchmark stock index performing in a reasonable range of 45 points closed higher to 7,793.98, adding 30.84 points or 0.40 percent for the entire session. On year-to-date basis, the TASI’s yield reached one thousand points roughly or 14.6 percent.
All market cap indices witnessed a positive change, with Med cap advancing 0.82 percent.
Most of the major sectors closed in the green territory, accumulating an aggregate of 581.2 points. Retail, Agriculture and Real estate sectors remained key gainers, advancing 1.68 percent, 1.13 percent and 1.08 percent respectively.
On the negative side, four sectors including Media and Publishing (- 0.71 percent) — the biggest decliner of the day — trimmed 38 points jointly.
Most of heavyweights finished to the upside, with Samba Financial Group surging by 2.47 percent, SABB 1.28 percent and Saudi Arabia Fertilizers Co. (SAFCO) 0.51 percent.
Advancing stocks outnumbered decliners by a margin of 70 to 59 and the prices of 28 companies remained unchanged.
Aljazira Takaful Taawuni Company continued to dominate the performance chart for the seventh consecutive session, soaring up 9.92 percent and closing at SR19.4.
More than 184 million shares worth SR4.4 billion changed hands on the Saudi stock market.
Alinma Bank regained its most active status yesterday, liquidating 30.9 million shares, which equates 16.7 percent of overall market volume.
The value of these shares totaled SR443.7 million, a relative market share of 10 percent.
The top five most active stocks also closed in green, with Northern Region Cement Co. surging by 6.0 percent, Knowledge Economic City 3.61 percent and Alinma Bank over two percent.
Tadawul: Retail stocks stay on top with 1.68% surge
