The Tadawul All-Share Index (TASI) extended gain for the third straight day yesterday. It opened at 6,769.12 points, which proved to be the intra-day low, subsequent trading sent the index higher 0.79 percent to close at 6,822.86 points. The trading range expanded to 56 points for the day.
All market cap indices traded in the positive territory.
Thirteen out of the fifteen sectors ended positively, showing a collection of 808 points.
Positive performance was boosted by Media and Publishing sector, continuing to perform well for the second consecutive day, advancing by 5.92 percent. Transport sector followed it, rising by 2.17 percent for the day.
Only Telecom and Energy sectors closed in downward territory, paring a nominal 22.7 points jointly.
Samba Financial Group and market leader SABIC (Saudi Basic Industries Corp.) remained at top among heavy weights, surging by 1.8 percent and 1.4 percent respectively.
The market breadth was largely positive with 112 stocks witnessing advances against 29 stocks witnessing declines and prices of 13 companies remaining unchanged.
Saudi Land Transport Co. – MUBARRAD made the biggest jump among all Saudi equities, achieving a maximum growth of 10 percent. Allied Insurance and Wataniya Insurance followed it, increasing by 9.95 percent.
Allied has been reflecting a tremendous performance for the last six days, soaring up nearly 60 percent.
On the worst side, AMANA Insurance continued its downward fall for the second straight day, topping the decliner chart with 10 percent negative change.
The buying interest started to flourish, as more than 294 million shares worth SR7.2 billion exchanged hands on the Saudi Stock Market.
Inflation as per the consumer price index eased to 3.9 percent in May from
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