Sunday, 20 May 2018 03:02 GMT
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Saudi- Media & Publishing sector continues upward march



(MENAFN - Arab News) Saudi arabia's benchmark tadawul all-share index (tasi) passed through a lean session on sunday shedding more than 83 points

The index fell to 9424.95 points showing a further reduction of 0.88 percent for the entire day. it plunged to a maximum 110 points from the level of opening bell on sunday

Large cap performed worst among market cap indices falling 1.2 percent on sunday. top ten large caps finished to the downside where al-rajhi bank dipping by 3.25 percent kingdom holding 1.44 percent and saudi telecom co. 1.13 percent

Most of the major sector indices ended in the downward territory paring an aggregate of 1028 points

Banking tourism and real estate development sectors showed the worst performance slipping 1.68 percent 1.18 percent and 1.17 percent respectively

On the other positive side media and publishing sector continued its upward march marking another surge over three percent to 4503.55. insurance sector followed it rising 2.55 percent for the session

The total number of falling stocks exceeded to the total number of rising stocks by a huge margin of 96 to 55

Wafrah for industry & development co. suffered worst of all saudi companies decreasing 9.78 percent for the day to sr50.75

On the other hand share prices of saudi industrial export co. and axa cooperative insurance rallied to a maximum growth of 10 percent closing the day at sr71.5 and sr42.9 respectively

Axa volume with trades over 2.2 million also went 4.6 times high over the 50-day average level. alinma bank topped the volume chart liquidating 33.3 million shares and capturing a relative market share of 12.1 percent

Market activity was a little low for the day; specifically 276.4 million shares worth sr9.2 billion were liquidated at tadawul. this turnover reflects a daily decrease of 15.8 percent on volume basis and 12.2 percent in terms of liquidity

Tadawul volume also went below the 50-day average of 300 million shares roughly.


Saudi- Media & Publishing sector continues upward march

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