The Tadawul All-Share Index (TASI) added further 52.3 points to close at 7,835.15 points yesterday, up 0.67 percent over the close of the previous trading day. It seesawed in North-South and touched a high of 7852.85 and low of 7782.84.
The Multi-Investment and Energy sectors were major gainers among sectoral indices, which marginally increased by 1.12 percent and 0.96 percent respectively.
Only Real Estate Development sector could not manage for a gain, slightly down by 0.41 percent.
Top ten market cap companies ended the day in green. Samba Financial Group and Saudi Electricity Co. performed well relatively and advanced over 1.3 percent to close at SR56.75 and SR16 respectively.
Participation was moderate yesterday. Specifically, 635.1 million shares exchanged hands on the Saudi Stock Market. The 50-day average for trading volume is closer to 546.4 million shares.
Zain KSA continued to play a dominant role at Tadawul and remained as most active stock for the fourth consecutive day.
Its total volume set sold about 212.9 million shares (11 percent increase compared to the previous day). It alone represented nearly 34 percent of Tadawul total volume.
Zain also intensified the Tadawul liquidity and pumped more than SR2.4 billion to reflect a relative market share of 18 percent.
There were 60 net advancing issues, a largely positive market breadth.
Insurance stocks led the top gainers and losers charts. Gulf General Cooperative Insurance surged 10 percent to close the day at SR49.50.
On the other hand, Malath Cooperative Insurance performed worst and slipped 7.06 percent. Al Mutakamela ranked second which reduced 4.56 percent further. It traded in the negative zone for the seventh straight day to close at SR27.10.
