The Tadawul All-Share Index (TASI) retrieved the lost points of Saturday, as it edged higher by 0.44 percent to 6754.23 points yesterday.
The Real Estate and Telecom sectors were major winners among sectoral indices, which marginally increased by 1.81 percent and 1.51 percent respectively.
The Media & Publishing switched its position from top performer of previous day to the worst performing sector of the day, declining by 1.55 percent.
Most of the trading was concentrated in the Telecom sector, its more than 156.6 million shares were traded yesterday which accounted for roughly 50 percent of the Tadawul volume. The value of these shares reached to SR1.7 billion, a relative market share of 32 percent.
Six out of top ten market cap companies ended the day in green. Etihad Etisalat Co. (Mobily) and SABB performed well relatively, achieving a growth of 2 percent and 1.5 percent respectively.
However, Samba Financial Group slipped 1.1 percent to close at SR45.3.
Market breadth was positive, whereby 97 symbols closed in green and 32 closed in red, while 22 remained unchanged.
Insurance stocks continued to dominate the market performance, filling the top gainer and loser charts consecutively.
Al Rajhi Insurance and ACE Arabia Insurance were key gainers of the day, surging by 9.9 percent and 9.6 percent respectively.
A Court Ruling In Favor Of Barwa
On April last year, Barwa Real Estate Group announced that a court ruling by Dubai International Arbitration Centre has been issued to obligate Barwa International Company and The Green City Compan
Doha Bank may sell bonds to raise capital
Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said.
NASDAQ Dubai welcomes EIFB as a member
Emirates Islamic Financial Brokerage (EIFB), one of the UAE's leading Shari'a compliant brokers, has become a Member of NASDAQ Dubai, the region's international exchange.