The Saudi stock market bucked the three-day downward trend and turned green yesterday, adding more than seventeen points.
The Tadawul All-Share Index (TASI) advanced a little from earlier levels to 7,036.33 points. It went 24.1 points below the level of opening bell earlier yesterday but subsequent trading sent the index up to gain 0.25 percent for the entire session.
Among market cap indices only Small cap went slightly downward.
Five out of Tadawul's 15 sectors witnessed a positive change, accumulating roughly 220 points.
The Banking and Industrial Investment sectors were major winners among sectoral indices, which increased by 0.87 percent and 0.77 percent respectively.
On the other hand, Hotel & Tourism sector - the key performing sector of previous day - became the biggest decliner of the day, down 77.8 points or 0.97 percent to 7,975.58.
The market breadth with advance-decline ratio of 0.84:1 remained a little unfavorable.
Saudi Indian Company for Co-operative Insurance and Saudi Arabian Cooperative Insurance outdid rest of the Saudi companies, advancing 7.85 percent and 4.17 percent respectively.
Al-Rajhi Bank and Saudi Arabian Mining Co. (Maaden) remained at top positions among heavyweight companies, rising by 1.83 percent and 1.17 percent respectively.
Tadawul recovers after early drop
