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MENAFN - Arab News - 10/12/2013

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(MENAFN - Arab News) The Saudi stock market depicted a positive drive Monday, advancing 0.46 percent further.
The Tadawul All-Share Index (TASI) continued its upward march for the fourth consecutive session, dug in at 8,359.55 points level and finished the day up over 38 points.
On an YTD basis, TASI registered a positive return of nearly 1,558.33 points or 22.91 percent. Market cap indices all ended in the safe area, with Large Cap increasing by 0.6 percent.
Eleven out of Tadawul's fifteen sectors finished to the upside, accumulating nearly 463 points. Multi-Investment outdid rest of the sectors, surging more than one percent to close at 4,248.98. Telecommunication & Information Technology sector followed it, increasing by 0.95 percent.
Most of heavyweights extended gains, with SABB growing 1.95 percent and Saudi Telecom 1.42 percent.
The market breadth with advance-decline ratio of 1.5:1 remained favorable.
After a gap of one session, ANB Cooperative Insurance Company regained its topping position at Tadawul, reflecting an increment of SR1.75 or 9.92 percent to close at SR19.4.
Most of the trading was concentrated in Alinma Bank with 21.3 million shares, capturing 13.5 percent of Tadawul volume. SABIC with a turnover SR378.6 million topped the value chart, closing green at SR109.25.
Market activity remained 4 to 8 percent greater than previous day but still it was below the 50-day average level.
More than 158 million shares worth SR4.4 billion changed hands on the Saudi stock market.

 






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