The Saudi stock market was in the red yesterday, reversing after a 3-day surge and dropping slightly by 0.12 percent.
The benchmark Tadawul All-Share Index (TASI) wavering along the break-even line within a range of 56.2 points ended nearly 9.3 points lower to 7,855.19.
For the day, only Small Cap indices ended positively. Six out of Tadawul’s 15 sectors witnessed a positive change, accumulating 433 points for the day.
The transport and tourism sectors were major gainers, which marginally increased by 1.74 percent and 1.68 percent respectively.
On the negative side, insurance suffered worst of all sectors, turning down 1.52 percent and closing at 1,055.70.
Heavy weights closed in mixed fashion, where Riyad Bank rose 1.15 percent and Etihad Etisalat Co. (Mobily) fell 0.9 percent for the day.
The market breadth remained a little unfavorable, with 61 issues witnessing advances against 79 issues recording declines.
Saudi Hotels & Resort Areas Co. and Saudi Public Transport Co. turned in a splendid performance amongst all Saudi equities, soaring up 9.85 percent and 7.51 percent respectively.
On the other hand, Arabian Shield Cooperative Insurance repeated the worst performance of previous day, topping the decliner chart with 9.35 percent negative change.
Market volume went down by 33.5 percent and traded 278.9 million shares as compared to previous day’s 419.4 million shares. But still it was 33.3 percent greater than 50-day average of 209.2 million shares.
The volume chart was led by Dar Alarkan Real Estate with trades over 58.9 million shares, a relative market share of 21.1 percent.
While, Aljazira Takaful Taawuni Company with a liquidity of SR 913.1 million topped the value chart. Aljazira also rose 4.7 percent for the session, closing at SR61.75.
Transport, tourism sectors dominate Tadawul trading
