The benchmark Tadawul All-Share Index (TASI) inched up 8.66 points or 0.09 percent to finish Tuesday’s session at 9,830.19. It wavered within fifty points range on Tuesday.
The market cap indices showed small variations from previous day. Saudi sector indices performed in a mixed fashion, with six sectors accumulating an aggregate of 226.6 points and nine sectors trimming 806.4 points collectively.
Real Estate Development came out as the best performing sector of the day, advancing 1.78 percent or 124 points to cross the 7,000-mark. The heavyweight Jabal Omar Development Company was key gainer in this sector, surging up by 5.19 percent. The company recorded an all-time high of SR53.0 before closing at SR52.63. Its volume went 3.5 times high over its 50-day average, liquidating 12.4 million shares.
On the other hand, Media and Publishing sector continued its downward fall, going down further by 5.5 percent. Tihama Advertising Company again posted the largest losses, falling 8.93 percent further to SR266.85. Decliners outnumbered the advancers by a margin of 74 to 67 and the prices of 19 companies remained unchanged.
Gulf General Cooperative Insurance turned in a splendid performance among all Saudi stocks, soaring up 7.24 percent for the day. The company hit a new 13-week high of SR50, reflecting 256 percent more volume as compared to previous day.
Market activity improved slightly (2 to 4 percent) as compared to previous level. Approximately 368 million shares worth SR11.8 billion liquidated at Tadawul.
Saudi Mobile Telecommunications (Zain) with trades over 41 million topped the volume chart, a relative market share of 11.3 percent. While, Alinma bank appeared to be the most liquid stock, pumping SR680.3 million and gaining 1.95 percent.
Real estate index surpasses 7,000-mark
