Tadawul: Multi-investment sector advances 1.61%

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dug in at 8,024.71 and ended its Thursday's trading up over 26 points.
It jumped (+66.6 points) just after the opening bell and spending entire session above the breakeven line gained 0.33 percent.
All market cap indices ended the day in the safe area, with Micro cap adding 0.6 percent. Sectoral performance was positive, with 12 sectors accumulating an aggregate of 373 points.
Multi-Investment sector dominated the performance at Tadawul, advancing 1.61 percent to close at 3,632.85. Real estate development was another key gaining sector, growing by 0.81 percent.
On the other hand, Media and Publishing with 0.22 percent negative change became the major declining sector.
Advancing stocks outnumbered decliners by a margin of 89 to 56 and the prices of 12 companies remained unchanged.
Wafa Insurance (+5.6 percent) and Al-Jouf agriculture development Co. (+5.0 percent) showing notable gains became the top performers among all Saudi stocks.
Most of heavyweights closed in the upward territory, with Kingdom holding outdid rest of its peers, surging over three percent and closing at SR 18.6. The bellwether SABIC (Saudi Basic Industries Corp.) closed the day up 0.77 percent.
Market activity remained roughly 10 percent greater than previous level.
More than 235 million shares worth SR5.7 billion changed hands on the Saudi stock market. The 50-day average for trading volume is closer to 219.5 million shares.
Trading activity was led by Mobile Telecommunications Co. Zain, which liquidated roughly 35 million shares, a relative market share of 14.9 percent.
While, Aljazira Takaful Taawuni Company with a liquidity of SR418.7 million topped the value chart, closing at SR 63.5.