The Tadawul All-Share Index (TASI) lost nearly twenty one points or 0.27 percent to end Tuesday's trading at 8,003.44 points level.
It went 11.8 points above and 31.8 points below the break-even line during the day. TASI’s year-to-date gains reached to 17.7 percent.
Large Cap performed worst among the market cap indices, declining 0.42 percent yesterday. Most of heavyweights slipped from previous day’s level, with SABB dipping by 1.78 percent, Etihad Etisalat Co. (Mobily) 0.89 percent and Riyad Bank 0.77 percent.
Five out of Tadawul’s 15 sectors witnessed a positive change, accumulating 121.7 points for the day. Remaining twofold sectors closed in the downward territory, paring an aggregate of 214.2 points.
One of the best performing sectors was Insurance which rose to 0.97 percent, closing the day at 1,118.58.
On the negative side, Telecommunication & Information Technology sector performed worst, going down more than half percent to 2,483.49.
The market breadth was almost balanced with 64 issues witnessing advances against other 69 issues recording declines.
Saudi Indian Company for Co-operative Insurance (Wafa Insurance) continued its topping position at Tadawul, reflecting an increment of SR 5.0 or 7.04 percent to close the day at SR76.
On the other side of the spectrum, Saudi Industrial Investment Group became the biggest loser of the day, down 2.53 percent.
Market activity was a little low for the day; specifically 167 million shares worth SR4.3 billion were liquidated at Tadawul. This turnover reflects a daily decrease of 28.9 percent on volume basis and 23.5 percent in terms of liquidity.
But upside-downside volume ratio of 1.4:1 remained favorable.
Saudi Mobile Telecom-munications Co. (Zain) continued to dominate the trading activity, liquidating over twenty million shares, which equates 12.2 percent of the overall market volume.
Insurance sector stays in limelight
