Saudi Arabia’s Tadawul All-Share Index (TASI) marked its second consecutive win on Monday, adding half percent further to 9,821.53 points level. It rose over fifty points just after the opening bell and achieved almost same level finally.
On year-to-date basis, the TASI’s yield crossed 15 percent. All market cap indices ended in the safe area. Most of the major sectors closed in the green territory, accumulating an aggregate of 530 points. Energy and Real Estate outperformed, growing by 1.7 percent and 1.04 percent respectively.
On the other negative side, Media and Publishing sector prolonged its slide, declining 6.9 percent further and trimming back the 5,000-mark. Tihama Advertising Company topped the decliner chart, reducing by 9.99 percent to SR293.
Top ten heavyweight equities finished to the upside, with Saudi Electricity increasing by 1.57 percent and bellwether SABIC (Saudi Basic Industries Corp.) 0.72 percent.
Advancing stocks outnumbered decliners by a huge margin of 105 to 31 and the prices of 24 companies remained unchanged. Saudi Fisheries Co. outdid rest of its peers, advancing 5.31 percent to close the day at SR 48.12. It also topped the value chart, pumping more liquidity (SR814.4 million) into the market.
The company volume went 3.6 times high over its 50-day average, liquidating 17 million shares. Saudi Kayan with 42.7 million shares remained at top on volume basis, capturing roughly 12 percent market share.
More than 362 million shares worth SR11.3 billion changed hands on the Saudi stock market. The 50-day average for trading turnover is closer to 345 million shares worth SR10.4 billion.
Energy and real estate sectors dominate trading
