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MENAFN - Arab News - 11/12/2013
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(MENAFN - Arab News) The Saudi stock market extended gains for the fifth consecutive session.
Saudi Arabia's benchmark stock index (TASI) finished to the upside at 8,399.39 points, adding forty points further or 0.48 percent.
On year-to-date basis, it achieved a positive return of 23.5 percent. Large cap with 0.6 percent upward jump remained prominent among market cap indices.
Again 11 out of Tadawul's 15 sectors witnessed a positive change, accumulating over 508 points collectively.
Industrial Investment made the biggest jump among all sector indices, marching higher by 2.42 percent to finish just below the 7,000-mark.
Hotel and Tourism sector, on the other hand, posted the largest losses, falling 1.37 percent to close the day at 15,136.78.
Most of heavy weights closed in green; where Kingdom holding growing by 1.31 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.14 percent.
SABIC with a liquidity of SR558.3 milln also topped the value chart, reflecting a relative market share of 10.7 percent and closing at SR110.5.

Decliners outnumbered the advancers by a margin of 75 to 60 and the prices of 23 companies remained unchanged.
New player ANB Cooperative Insurance continued its upward march in a consecutive manner, jumping 9.79 percent further and closing at SR21.3.
An appreciation of nearly 113 percent in the value of ANB has been recorded in ten days.
Astra Industrial Group was another significant advancer, surging exactly six percent for the day.
On the other side of the spectrum, Tourism Enterprise Co. (Shams) became the biggest loser of the day, down 9.83 percent.
Tadawul total volume set sold approximately 192 million shares, an increase of 10.3 percent over the 50-day average level.
Liquidity rose a little to SR5.2 billion, an increase of 12.6 percent from the 50-day average level.
All most active stocks closed in green.


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