Tadawul Index Retreats to 7,026.07 Points in the Early Trade

28/01/2013 13:32 AST

A tug of war was going on between the bulls and bears during the first couple of hours trading on Monday 28th Jan 2013 at the Saudi stock market but it ended in a standoff as the market adding 0.03% retreated to 7,026.07 points, which was roughly where it started the day.

The index traded within a narrow range of 22 points.

The market breadth was negative with advance – decline ratio of 0.8:1

Nine of the Saudi sectors indices traded negatively, trimming 184 points collectively.

On the green side, Hotel & Tourism sector advanced 0.56 percent.

While, Energy & Utilities being the worst performing sector dropped more than 1 percent.

Saudi Integrated Telecommunication Company topped the chart of major gainers with 9.37 percent.

While, Saudi Export and Amanah Cooperative Insurance Company topping the chart of major losers dropped 6.78 percent and 6.61 percent respectively.


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