Tadawul Index, turnover move up
The Tadawul All-Share Index (TASI) continued inching its way higher to end yesterday’s trading in the green at 7,378.00 points, up 0.70 percent from the previous level. The index traded within a range of 56.15 points, adding 51.07 points for the entire day.
TASI also logged a healthy YTD return of 8.5 percent.
All market cap indices closed the day higher.
Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 900 points. Only three sectors ended in red, paring 38.3 points jointly.
Multi- Investment and Tourism were major gainers among sectoral indices, which marginally increased by 2.18 percent and 2.13 percent respectively. Real Estate Development sector also added over two percent to close at 4,271.18.
The Kingdom Holding, SABB and Samba Financial Group showed a tremendous performance among big players, advancing 3.71 percent, 2.78 percent and 1.96 percent respectively.
The advancers easily outnumbered declining stocks on the Tadawul; as for 71 percent stocks that gained, 18 percent ended lower and 11 percent remained unchanged.
Tabuk Cement and Saudi Transport and Investment Company topped the performance chart at Tadawul, surging by 6.2 percent and 5.8 percent respectively.
Saudi Indian Company for Cooperative Insurance (WAFA Insurance), on the other hand, switched its position from the top gainer of previous day to the biggest loser of the day, down SR 10 or 5.75 percent.
The buying interest started to flourish, as more than 215 million shares worth SR 5.5 billion changed hands on the Saudi stock market.
This turnover reflects 18.99 percent increase in terms of volume and 16.96 percent in terms of value as compared to the previous day.
Dar Alarkan Real Estate regained its most active status yesterday, liquidating over 25 million shares and achieving a relative market share of 11.6 percent.