The Saudi stock market marked its fourth consecutive gain yesterday. The Tadawul All-Share Index (TASI) closed higher to 7,165.76 points. It added further 39 points or 0.55 percent and spiked above the previous closing at 7,126.71 levels. While curving in the upward territory throughout the day it rose to a maximum gain of 50 points.
Among market cap indices only Micro cap went slightly downward.
Ten out of Tadawul's fifteen sectors ended positively, reflecting a collection of 735 points. Hotel & Tourism sector advanced 280.9 points or 3.68 percent over the day, posting the biggest gains among all sectors.
Real Estate and Banking sectors followed it, increasing by 1.79 percent and 1.25 percent respectively. Most of the trading was also concentrated in these sectors, as both liquidated 112.3 million shares yesterday which accounted for roughly one-half of the Tadawul volume.
On the worst side, Insurance sector was the significant decliners, going down 1.29 percent further to 1,303.52. Amana Cooperative Insurance delivered a largely negative performance yesterday, slipping 9.8 percent further to SR 89.75.
The market breadth was positive as out of total 156 symbols traded yesterday, 82 advanced, 53 declined and 21 remained unchanged.
Dallah Healthcare Holding Company dominated the top gainers chart at Tadawul for the second consecutive trading day, rising by 9.93 percent to close the day at SR 83. Dallah has extended more than 25 percent gains in three consecutive days.
Samba Financial Group and Al-Rajhi Bank made the biggest jumps among heavyweight equities, showing a positive change of 2.35 percent and 1.05 percent respectively.
Tourism sector advances 3.68%
