The Tadawul All-Share Index (TASI) continued its upward march, marking another gain of 0.70 percent yesterday. While curving in the upward territory throughout the day it added further 55.2 points, closing at 7,933.95 points.
It performed within a range of ninety points. On year-to-date basis, the TASI’s yield reached 16.65 percent. All market cap indices ended in the safe area.
Ten out of Tadawul's 15 sectors closed the day up, reflecting a collection of 595 points. Transport sector advanced 142.9 points or 2.78 percent over the day, posting the biggest gains among all sectors. Insurance sector followed it, achieving a growth of 1.71 percent. Banking sector added considerable 205.5 points, up more than one percent.
On the other hand, Hotel & Tourism sector was a significant decliner, shedding 183 points or 1.25 percent.
Most of heavyweights finished to the upside, with SABB increasing by 2.04 percent, Al-Rajhi Bank 1.62 percent, Riyad Bank 1.56 percent and Etihad Etisalat Co. (Mobily) 1.47 percent.
The market leader SABIC (Saudi Basic Industries Corp.) topped the value chart, pumping more liquidity (SR426.8 million) into the market.
While, Alinma Bank continued its most active status, liquidating over 27 million shares and achieving a relative market share of 12.7 percent.
Roughly 212 million shares worth SR5.9 billion exchanged hands on the Saudi Stock Market. Tadawul volume remained 8.9 percent lower than previous level but still it was 1.4 percent greater than the 50-day average of 209.1 million shares.
Advancing stocks outnumbered decliners by a margin of 91 to 43 and the prices of 23 companies remained unchanged.
Aljazira Takaful Taawuni Company and Al-Ahlia Insurance dominated the performance chart at Tadawul. Prices of both rallied to a maximum growth of 10 percent to close the day at SR57.75 and SR45.10 respectively.
Transport sector posts 2.78% gain
