Saturday, 21 April 2018 08:35 GMT
img

TADAWUL: Building & construction stocks edge higher

(MENAFN - Arab News) The benchmark tadawul all-share index (tasi) closed monday's trading session down by 23.82 points or 0.25 percent to 9507.58 after being low as much as 87 points after the opening bell

The tasi has added 11.4 percent since the start of 2014. market cap indices closed in a mixed fashion

Most of the major sectors closed in the downward territory paring an aggregate of 380 points. retail and real estate development sectors performed worst going down by 1.08 percent and 0.53 percent respectively

On the positive side building & construction outdid rest of the sectors advancing 0.95 percent and closing at 4079.21

Kingdom holding and sabb remained key gainers among heavyweights growing more than one percent. while samba financial group dipped 1.91 percent to close the day at sr41.3

Advancing stocks outnumbered decliners by a small margin of 74 to 65 and the prices of 20 companies remained unchanged

Wafrah for industry & development co. and saudi fisheries co. showed the best performance among all saudi stocks soaring up more than 9.8 percent for the session. both companies' shares have climbed to a 52-week high of sr46.5 and sr38 respectively

Wafrah volume also went 4.7 times high over the 50-day average liquidating roughly seven million shares

Wafa insurance on the other hand switched to worst performing stock falling 3.68 percent and closing at sr85.25

Share trading activity was high as compared to previous day specifically sr9.6 billion were poured into the market. trading volume was improving with about 314 million shares changed hands in the market a growth of 6.4 percent over the previous level

The 50-day average for trading volume is closer to 288 million shares. alinma bank with trades over 38.6 million topped the volume chart capturing 12.3 percent of overall market volume.



TADAWUL: Building & construction stocks edge higher

  Most popular stories  

Day | Week | Month