The Saudi Stock Market declined 0.11 percent on its last trading day of the week.
The Tadawul All-Share Index (TASI) while seesawing in North-South attempted to cross the break-even line yesterday but ended near the trough at 6,953.59 points, dropping a few points (-7.75) merely. The TASI traded within a range of 42 points yesterday.
Only Med cap among the market cap indices moved upward slightly.
Saudi sectors indices performed in a mixed fashion, with six sectors accumulating an aggregate of 64 points and nine sectors trimming 260 points collectively.
Insurance sector outperformed, up 1.65 percent to close at 1,295.24 points.
On the other hand, Real Estate Development and Multi-Investment sectors counterbalanced, declining by 0.87 percent each.
The market breadth was slightly weak with 86 stocks witnessing declines against 56 stocks witnessing advances.
Tadawul volume with trades over 299.4 million shares remained 1.2 percent greater than previous level. Investors' confidence enhanced a little as they poured more than SR7.1 billion into the market, 12 percent greater liquidity than previous day.
Four out of top ten market cap companies ended the day in green, with SABB rose 0.91 percent for the day. While, an equal number of heavyweights closed lower, with SABIC (Saudi Basic Industries Corp.) fell 0.55 percent to close at SR91.
Insurance companies continued to show the best performance amongst all Saudi stocks, with ACE Arabia Insurance, Al Ahlia Insurance, Alinma Tokio Marine and Saudi Arabian Insurance all surged over 9.7 percent for the day.
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