Transport equities up 1.62%

30/06/2015 17:43 AST

The Saudi stock market bucked the two-day downward trend and turned green on Tuesday, adding 26.95 points or 0.3 percent for the entire session.

After falling 1.45 percent earlier it bottomed out at 8,928.27 points level and started to rise again and finally crossed the break-even line.

The TASI’s yield reached over nine percent in first half of 2015.

Most of the major sectors closed in the green territory, accumulating an aggregate of 617 points.

Transport showed the best performance among sectoral indices, rising 1.62 percent and closing at 10,267.66. Industrial Investment sector added 120 points, up 1.46 percent.

On the other negative side, Media and Publishing sector continued its downward fall, slipping 3.74 percent further to 2,283.81.

Tihama Advt. & Public Relations Co. became the biggest loser of the day, down by 8.58 percent to close at SR 98.5.

Advancing stocks outnumbered decliners by a margin of 119 to 37 and the prices of 9 companies remained unchanged.

New player Saudi Ground Services Co. (SGS) again made the biggest jump among all Saudi equities, soaring up 9.77 percent to close the day at SR 73.

An appreciation of nearly 32.7 percent in the value of SGS has been recorded in 4 consecutive sessions.

Trading activity was also led by SGS, which liquidated 23.5 million shares, a relative market share of 11.2 percent. The value of these shares totaled SR1.7 billion, which equates 22 percent of total market liquidity.

Approximately, 209 million shares worth SR 7.7 billion were poured into the market. This turnover reflects 10.4 percent increase in terms of volume and 32.5 percent in terms of liquidity as compared to the previous day.

GulfBase.com