All sectors performed in a mixed fashion. Indices of
petrochemical industries and cement sectors achieved a growth of 1.58 percent
and 1.46 percent to close at 6,514.76 and 6,039.55 levels respectively. Hotel
& Tourism sector pared 76.4 points to close at 6,995.17.
Share trading activity remained high on Tuesday. About
461.3 million shares worth SR11.51 billion were transacted. This turnover in
terms of value reflects a 7.7 percent increase as compared to the previous day.
While, the number of executed transactions reached 214,460 trades, an increase
of 5.4 percent.
The advance-decline ratio was 1.3:1. Key gainers were ACE
Arabia Cooperative Insurance and SALAMA Insurance, prices of both rallied to a
maximum growth of 10 percent and 9.98 percent to close at 68.75 and 49.60
respectively. On the worst side, Allianz Saudi Fransi Cooperative Insurance and
Bupa Arabia for Cooperative Insurance posted the largest losses amongst TASI
equities, down 4.07 percent and 3.93 percent respectively.
Saudi International Petrochemical Co. recorded
substantial yearly gains as it reported a net profit of SR705.9 million for the
year-ended Dec. 31, 2011. This represents 86.7 percent growth over the SR378.1
million achieved in the previous year. Earnings per share amounted to SR1.93
compared to SR1.03 for the previous year.
