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MENAFN - Arab News - 09/12/2013

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(MENAFN - Arab News) The Saudi stock market continued its positive movement, marking another gain of 0.94 percent Sunday.
The Tadawul All-Share Index (TASI) jumped into the green territory earlier Sunday and spending entire session in the same region closed higher at 8,321.33 points, up nearly 77.59 points from its previous close.
On year-to-date basis, the index showed a collection of 1,520 points. All market cap indices showed modest gains.
Sectoral performance was tremendous, as 14 out of the Tadawul's fifteen sectors closed in the upward zone, accumulating an aggregate of 1,020.67 points. Only Hotel & Tourism sector could not manage for gains, going down one and half percent for the day.
Transport sector stepped up to occupy the top position at Tadawul, surging 225.64 points or 3.69 percent to close at 6,343.68. Agriculture and Industrial Investment were other significant advancing sectors, closing up by 1.94 percent and 1.47 percent respectively.
Top ten heavyweights rose from previous day's levels, with SABB advancing by 1.23 percent, bellwether SABIC (Saudi Basic Industries Corp.) 1.16 percent and Riyad Bank 1.06 percent.
There were 115 net advancing issues, a largely strong market breadth.
Saudi Public Transport Co. led the top gainers chart at Tadawul, soaring up more than seven percent and closing at SR25.7.
Tadawul total volume set sold approximately 152 million shares, a slight decrease from previous day level. The 50-day average for trading volume is closer to 175 million shares.
Liquidity rose a little to SR4.1 billion, an increase of 5.4 percent from the previous level but still it was 12.6 percent lower than 50-day average. All most active stocks closed in green

 






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