Sunday, 24 September 2017 02:01 GMT


Saudi - Bawan Co. clinches top gainer spot

(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index (TASI) managed a second straight rise Monday, marking another gain of 0.3 percent. The index wavering within a range of 44.4 points ended nearly 25.3 points higher to 8,520.02. On year-to-date basis, it showed a yield of 25.3 percent. Med cap indices showed the best performance, advancing more than half percent. All sectors extended gains except Media and Banking, which pared 19.2 points jointly. Remaining 13 sectors showed a collection of 416 points. Insurance and Tourism sectors outperformed among the sectoral indices, increasing by 0.8 percent for the day. Saudi Arabia Fertilizers Co. (SAFCO) came out as significant player among heavyweight stocks, growing 0.8 percent and closing at SR 156.25. Market breadth was positive, as rising stocks outnumbered decliners by a margin of two-to-one on the Tadawul market. Share price of new player Bawan Company rallied to a maximum growth of 10 percent, clinching the spot as top gainer amongst Saudi stocks. ANB Cooperative Insurance also continued its upward march, surging by 9.59 percent to SR60. An appreciation of 500 percent in the value of ANB has been recorded in 25 trading days. Tadawul volume went up by 15.7 percent and traded 197 million shares as compared to previous day's 170 million shares. The 50-day average for trading volume is closer to 180.8 million shares. More than five billion riyals were liquidated into the market. Saudi Mobile Telecommunications (Zain) with trades over 25.8 million topped the volume chart but closing below its par value. It captured 13.1 percent of the overall market volume. While, SABIC pumping a liquidity of SR294.3 million regained its most liquid status, closing unchanged at SR 111.
Saudi - Bawan Co. clinches top gainer spot

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