Tadawul: Building and Construction sector advances 1.18%

03/11/2014 20:16 AST

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dug in at 10,141.67 and ended its Monday's trading up over 0.4 percent.

The index traded within a range of 67 points, adding 42.4 points for the entire day. On an YTD basis, TASI registered a positive return of 18.82 percent.

Micro cap with 0.9 percent upward jump remained prominent among market cap indices. Most of the major sector indices finished to the upside, accumulating an aggregate of 575 points. Building & Construction outperformed among the sectoral indices, advancing 1.18 percent for the day. Banks & Financial Services sector added considerable 207 points, up 0.96 percent to close at 21,839.27 points.

On the other negative side, Multi-Investment continued to perform worst, going down further by 0.4 percent to 4,585.72.

Advancing stocks outnumbered decliners by a margin of 94 to 38 and the prices of 27 companies remained unchanged.

Arabia Insurance Cooperative Co. turned in a splendid performance among all Saudi stocks, soaring up 9.93 percent to close the day at SR23.45. But a major portion of its share capital has been absorbed against accumulated losses.

However, Heavy weights closed in mixed fashion, where Al-Rajhi Bank rose 1.14 percent and Kingdom holding company fell 2.98 percent for the day.

Interestingly, Tadawul daily turnover remained nearly unchanged from its previous level of SR5.8 billion. The volume went slightly down by two percent and traded 166.6 million shares as compared to previous day’s 170 million shares.

The overall turnover remained below the 50-day average level, ranging from 35-to-40 percent.

Most of the trading was concentrated in Alinma Bank with 29.4 million shares, capturing 17.6 percent of market volume. It also topped the value chart, pumping SR 708.6 million into the market.

GulfBase.com