Saudi- TADAWUL: Petchem Tourism stocks gain 1.742
(MENAFN- Arab News) Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose 0.68 percent or 59 points to finish Wednesday's trading at 8801.68 after trading between 8714.99 and 8802.92.
On year-to-date basis it showed a yield of 3.12 percent only. All market cap indices ended in the safe area. Most of the major sectors closed in the green territory accumulating an aggregate of 1178 points.
Petrochemical Industries and Tourism were best performing sectors of the day each advancing by 1.74 percent.
Telecommunication & Information Technology on the other hand posted the largest losses turning down 3.93 percent to 2029.61.
Top ten heavyweights except Kingdom holding finished to the upside with market leader SABIC (Saudi Basic Industries Corp.) surging over two percent and Al-Rajhi Bank by 1.79 percent.
Al-Rajhi also led the activity charts contributing a market share of 32.7 percent in terms of liquidity and 17.7 percent on volume basis. Interestingly the bank volume went 15.2 times high over its 50-day average liquidating 51.8 million shares.
Advancing stocks outnumbered decliners by a huge margin of 114 to 32 and the prices of 16 companies remained unchanged.
Malath Cooperative Insurance turned in a splendid performance among all Saudi stocks marching higher by 6.47 percent. It has achieved an increment of 108 percent in one year. Malath is trading near four-year high closing at SR39.29.
Alhokair Group was another key gainer and rose 5.3 percent for the day. The company volume was 140 percent greater than previous level.
Market activity was high specifically SR9.95 billion were poured into the market.
Trading volume was impressive with about 293 million shares changed hands in the market a significant 23 percent growth over the previous level. Tadawul turnover also went high over the 50-day average ranging from 25-to-30 percent.
On year-to-date basis it showed a yield of 3.12 percent only. All market cap indices ended in the safe area. Most of the major sectors closed in the green territory accumulating an aggregate of 1178 points.
Petrochemical Industries and Tourism were best performing sectors of the day each advancing by 1.74 percent.
Telecommunication & Information Technology on the other hand posted the largest losses turning down 3.93 percent to 2029.61.
Top ten heavyweights except Kingdom holding finished to the upside with market leader SABIC (Saudi Basic Industries Corp.) surging over two percent and Al-Rajhi Bank by 1.79 percent.
Al-Rajhi also led the activity charts contributing a market share of 32.7 percent in terms of liquidity and 17.7 percent on volume basis. Interestingly the bank volume went 15.2 times high over its 50-day average liquidating 51.8 million shares.
Advancing stocks outnumbered decliners by a huge margin of 114 to 32 and the prices of 16 companies remained unchanged.
Malath Cooperative Insurance turned in a splendid performance among all Saudi stocks marching higher by 6.47 percent. It has achieved an increment of 108 percent in one year. Malath is trading near four-year high closing at SR39.29.
Alhokair Group was another key gainer and rose 5.3 percent for the day. The company volume was 140 percent greater than previous level.
Market activity was high specifically SR9.95 billion were poured into the market.
Trading volume was impressive with about 293 million shares changed hands in the market a significant 23 percent growth over the previous level. Tadawul turnover also went high over the 50-day average ranging from 25-to-30 percent.
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