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MENAFN - Arab News - 16/12/2013

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(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose slightly (0.11 percent) to 8,396.96 points Sunday, flip-flopping between green-red within a narrow range of 31.4 points.
On an YTD basis, TASI registered a positive return of 1,995.7 points or 23.5 percent.
Sectoral performance remained mixed, as seven out of Tadawul's 15 sectors finished to the upside, accumulating 217.8 points for the day. Insurance came out as the best performing sector, surging over two percent to 1,133.09. Petrochemical Industries added 58 points, up 0.8 percent.
On the other hand, eight sectors could not mange for gains, dropping 170.7 points jointly. Cement sector suffered worst of all sector, trimming 0.69 percent for the day.
The market breadth was positive with 80 stocks witnessing advances against 55 stocks witnessing declines and prices of 22 companies remained unchanged.
Share price of Rabigh Refining and Petrochemical Company rallied to a maximum growth of 10 percent, clinching the spot as top gainer amongst Saudi stocks. Enaya Insurance and Amana Insurance were other significant advancers which gained 9.8 percent for the day.
Tadawul daily turnover went up 19.5 percent on volume basis, 13.3 percent on value basis and 11.9 percent in terms of executed transactions. More than 185 million shares worth SR4.9 billion changed hands on the Saudi stock market. Total turnover also crossed the 50-day average level.
Saudi Kayan Petrochemical Co. with trades over 29.3 million shares topped the volume chart, capturing roughly 16 percent of the overall market volume. It also surged more than four percent to finish at SR14.8.

 






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