The Tadawul All-Share Index (TASI) after losing 12.8 points earlier yesterday continued inching its way higher to end the day in the green at 6,742.04 points, up 36.55 points at a growth rate of 0.55 percent over the close of the previous day.
The index traded in the range of 6,692.65 to 6,743.92. Its year-to-date yield reached to 5.05 percent.
Twelve out of the 15 sectors led by Real Estate (+5.46 percent) ended with modest gains yesterday, while, Petrochemical performed the worst, trimming 22.77 points or 0.39 percent for the day.
Most of the trading was also concentrated in the Real Estate sector, its more than 160.8 million shares were traded yesterday which accounted for roughly 45 percent of the Tadawul volume. The value of these shares reached to SR1.7 billion, a relative market share of 28.9 percent.
Dar Alarkan Real Estate appeared to be the most active stock for the day. Its volume set sold about 82 million shares, which are about 23 percent of the overall market. It also performed well and ranked second amongst all Saudi equities, surging 9.6 percent to close at SR 10.25.
Heavy weights closed in mixed fashion, where Etihad Etisalat Co. (Mobily) rose 0.8 percent and SABB fell 0.62 percent for the day.
Market breadth was positive, whereby 108 symbols closed in green and 27 closed in red, while 19 remained unchanged.
Surprisingly, AMANA Insurance with 9.83 percent positive change and Enaya Insurance with 10 percent negative change, continued to top the gainer and loser charts for the second straight day.
Real estate shares in the limelight
