Wednesday, 21 February 2018 02:40 GMT
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Saudi- TADAWUL: Insurance stocks gain Al-Alamiya at all-time high

(MENAFN - Arab News) The saudi stock market dropped slightly on sunday after three consecutive days of trading in the green; tadawul all-share index (tasi) ended in the red at 9765.48 points down 0.22 percent from its previous daily close.

it traded in a reasonable range (76.3 points) moving 27.7 points up and 48.6 points below the level of sunday's opening bell. only micro cap witnessed a positive change among market cap indices growing half percent.

most of the sector indices including cement — the worst performer (down 0.97 percent) closed a little bit lower paring an aggregate of 233 points jointly.

on the positive side insurance outdid rest of the sectors advancing 0.65 percent to 1444.33.

most of heavyweights finished to the downside with riyad bank samba financial group and saudi telecom dipping more than one percent.

the market breadth was unfavorable with 55 stocks witnessing advances and 83 others marking a decline.

wafrah for industry and development and al-alamiya for cooperative insurance showed the best performance among all saudi stocks soaring up 9.18 percent and 4.74 percent respectively.

wafrah with a turnover sr626.7 million positioned itself among the most liquid stocks closing the day at sr62.74 and ranking second. the company volume also went three times high over the 50-day average level liquidating more than ten million shares.

alamiya shares climbed to their highest level (sr102.75) since the company's initial public offering.

on the contrary national agriculture marketing co. (thim'ar) recorded the biggest losses going down by 2.81 percent to close the day at sr126.07.

tadawul total volume set sold approximately 345 million shares a decrease of one percent as compared to previous level. equity turnover reached to sr10.3 billion an increase of 4.4 percent over the 50-day average level.


Saudi- TADAWUL: Insurance stocks gain Al-Alamiya at all-time high

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