The Saudi stock market continued its positive movement, marking another gain of 0.35 percent on Wednesday. The Tadawul All-Share Index (TASI) edged higher to 9,765.82, adding 34.35 points for the entire day.
All market cap indices finished to the upside. Sectoral performance was positive, as 11 out of the 15 sectors closed in the upward territory, accumulating an aggregate of 750 points.
Media and Publishing sector continued to dominate the performance at Tadawul, marching higher by 383.5 points or 6.88 percent and closing at 5,961.22. Transport sector, on the contrary, posted the largest losses, going down more than one percent.
Advancing stocks outnumbered decliners by a margin of 97 to 38 and the prices of 25 companies remained unchanged. Share price of Tihama Advertising & Public Relations Company rallied to a maximum growth of 10 percent, clinching the spot as top gainer amongst Saudi stocks.
With this increment, Tihama shares climbed to a new all-time high, closing at SR401.5.
Saudi Fisheries Co. and Wafrah for Industry showed the best performance among most active stocks, soaring up 9.02 percent and 6.59 percent respectively. Wafrah poured one billion riayls roughly, topping the value chart.
Tadawul turnover went slightly up by 5.6 percent and traded 396.4 million shares as compared to previous day’s 375.2 million shares. Adequate liquidity (SR12.6 billion) was flowed into the market, an increase of 24.4 percent over the 50-day average level.
Zain with 21.1 percent market share topped the volume chart. The company volume went 3.83 times high over its 50-day average, liquidating 83.8 million shares.
TADAWUL: Media stocks dominate trading
