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MENAFN - Arab News - 23/06/2014
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(MENAFN - Arab News) Saudi arabia's benchmark stock index continued its positive movement closing the fourth straight day in green. the tadawul all-share index (tasi) finished at 9657.41 points on sunday up 9.15 points at a growth rate of 0.09 percent over the close of the previous day.

sectoral in-dices performed in a mixed fashion with seven sectors accumulating an aggregate of 366.2 points and eight sectors trimming 344.4 points collectively. industrial investment sector showed the best performance adding nearly hundred points or 1.23 percent. cement sector followed it increasing by 0.62 percent. surprisingly both sectors surpassed the 8000-mark simultaneously.

on the other hand real estate development sector showed the worst performance declining 1.38 percent to 6380.39. most of heavyweights extended gains with al-rajhi bank outdid rest of its peers advancing more than one percent to sr67.75.

decliners outnumbered the advancers by a margin of 89 to 57 and the prices of 14 companies remained unchanged. wafra for industry led the decliner chart turning down 9.97 percent to sr55.5.

on the positive side recently traded umm al-qura cement company shares continued to march upward in a consecutive manner jumping 9.92 percent further to close the day at sr19.4. share price of al alamiya for cooperative insurance has also climbed to a new all time high of sr145.75 achieving 1-day growth of 9.86 percent or sr13.08.

saudi arabian mining company (maaden) rose 3.76 percent dominating the liquidity chart and pumping sr402.5 million into the market. the company volume was almost double of its 50-day average liquidating 11.4 million shares.

overall share trading improved 8.2 percent to 12.6 percent as compared to previous day but still it was widely (-35.2 percent to -41.2 percent) below the 50-day average level. roughly 198 million shares worth sr6.8 billion were poured into the market.


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