Tuesday, 24 April 2018 04:06 GMT
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TADAWUL: Media real estate stocks stay in limelight



(MENAFN - Arab News) Saudi arabia's benchmark stock index continued to take small but positive steps closing the third straight day in green.

the tadawul all-share index (tasi) finished at 9575.54 points on monday adding less than a single point for the entire day. it performed within a narrow range of 39.5 points.

sectoral performance was mixed with six sectors accumulating an aggregate of 812 points and nine sectors trimming 617 points collectively.

media and publishing made the biggest jump among sectoral indices posting a solid growth of 6.89 percent to 4831.15.

real estate development was another significant advancer which gained 293.3 points or 4.64 percent for the day. most of the trading was also concentrated in this sector liquidating 77.3 million shares a relative market share of 21.8 percent.

on the other negative side insurance switched to worst performing sector reversing after a 13-day surge and dropping 1.64 percent to 1425.09.

kingdom holding came out as significant player among heavyweight stocks growing 1.85 percent for the session. on the contrary saudi telecom suffered worst of large caps declining 1.56 percent to sr64.74.

market breadth with advance-decline ratio of 0.7:1 remained slightly negative.

tihama advertising & public relations co. turned in a splendid performance among all saudi stocks soaring up 9.96 percent to close the day at sr300.25.

jabal omar development company followed it surging by 9.68 percent for the session. it also topped the liquidity chart contributing sr963.4 million and capturing 8.3 percent of market value.

share prices of tihama jabal omar and kingdom raced to a new all-time high on monday.

roughly sr11.6 billion were poured into the market.

tadawul total volume set sold approximately 355 million shares an increase of 7.7 percent as compared to previous level.

the 50-day average for trading volume is closer to 327 million shares.


TADAWUL: Media real estate stocks stay in limelight

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