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 SR10.25.
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.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
Market Cap
Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp