The Tadawul All-Share Index (TASI) set out positively on its first trading day of 2013; spending entire session above the break-even line edged higher to 6,860.01, up 58.79 points or 0.86 percent from previous level.
All market cap indices ended in the upward territory, with Large cap up roughly one percent.
Indices of all Saudi sectors performed well except Insurance which could not manage a gain and lost 10.56 points or 0.78 percent to close at 1,351.10 levels. Remaining 14 sectors showed a collection of 582.3 points jointly. Petrochemical Industries and Industrial Investment played well among sectoral indices, marching higher by 1.75 percent and 1.44 percent respectively.
Major heavy weights also ended the day in green, with Saudi Arabian Mining Co. (Maaden) surging by 2.16 percent, Saudi Arabia Fertilizers Co. (SAFCO) 1.64 percent and Mobily 1.31 percent.
The advancers easily outnumbered declining stocks on the Tadawul; as for 70 percent stocks that gained, 17 percent ended lower and 13 percent remained unchanged.
National Industrialization Co remained at top position among all Saudi equities, advancing SR 2.2 or 7.94 percent for the day. NIC has also been able to occupy the place at volume chart, liquidating more than 6.2 million shares, and ranking fourth.
On the worst side, Amanah Cooperative Insurance continued its downward fall for the third consecutive day, declining 9.85 percent further to SR 123.5. However, the company was able to pump more liquidity into the market by contributing SR 306.9 million, which is approximately seven percent of the overall market value.
Positive start for stocks in 2013
