Tadawul index steps up

01/01/2014 08:16 AST

Saudi Arabia’s benchmark stock index continued to take small but positive steps, closing the third straight day in green.

The Tadawul All-Share Index (TASI) finished at 8,535.6 points yesterday, up 15.58 points at a growth rate of 0.18 percent over the close of the previous day.

The market cap indices ended the day in mixed territories. Sectoral indices also performed in a mixed fashion, with eight sectors accumulating an aggregate of 237.8 points and seven sectors trimming 140.8 points collectively.

Transport outdid rest of the sectors, advancing 1.17 percent to close at 6,476.81. Media and Publishing sector followed it, increasing by 0.84 percent.

On the other hand, Telecommunication & Information Technology sector showed the worst performance, declining 0.8 percent for the day.

Riyad Bank played well among large cap stocks, moving up by 1.38 percent to SR 29.2. While, the heavyweight Saudi Telecom suffered the greatest amount of damages, turning down more than three percent.

The total number of rising stocks exceeded to the total number of falling stocks by a margin of 74 to 68 and the prices of 17 companies remained unchanged.

ANB Cooperative Insurance Company made the biggest jump among all Saudi equities, achieving a maximum growth of 10 percent to SR 66. New player Bawan Company also continued its positive movement, posting another gain of 9.96 percent.

A good amount of volume roughly 188 million shares was liquidated at Tadawul, a slight decrease of 4.4 percent from the previous level but still it was 4.8 percent greater than 50-day average of 179.8 million shares.

Again over five billion riyals were poured into the market.

Knowledge Economic City was a key gainer among most active stocks, surging 2.3 percent and closing at SR 17.7.

Gulfbase.com