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Saudi- Energy 1amp utilities sector in the limelight
(MENAFN- Arab News) Saudi stock market depicted a positive drive on Sunday as bulls succeeded to raise the stock prices further with high margin.
The Tadawul All-Share Index ended the day in the green at 9467.06 points up 2.26 percent from its previous day close at 9257.49 points.
Large cap with 2.43 percent upward jump remained prominent among market cap indices the GulfBase said in its market commentary.
Sectoral performance was tremendous as all sectors closed in green and accumulated more than three thousand points.
Energy & Utilities sector was major winner which increased by 8.87 percent to close the day at 7123.09.
Real Estate Development and Multi-Investment were other significant advancing sectors marching higher by 5.8 percent and 3.3 percent respectively.
There were 143 net advancing issues a largely strong market breadth.
Share price of Knowledge Economic City rallied to a growth of 9.92 percent to SR 23.04 clinching the spot as top gainer amongst Saudi stocks.
The company volume went 3.6 times high over its 50-day average liquidating more than ten million shares.
The heavyweight Saudi Electricity Co. followed it soaring up 9.74 percent for the session.
Jabal Omar Development Co. hitting an all-time SR70.5 advanced 7.18 percent on Sunday. The market leader SABIC (Saudi Basic Industries Corp.) rose 2.12 percent closing at SR97.09.
A good amount of turnover 435 million shares worth SR11.6 billion changed hands on the Saudi stock market.
This turnover reflects 26.5 percent increase in terms of volume and 36 percent in terms of value as compared to the previous day.
Most of the trading was concentrated in Dar Alarkan Real Estate and Alinma Bank which collectively contributed thirty percent to the total market volume.
Both stocks pumped SR1.8 billion into the market a relative market share of 15.3 percent.
The Tadawul All-Share Index ended the day in the green at 9467.06 points up 2.26 percent from its previous day close at 9257.49 points.
Large cap with 2.43 percent upward jump remained prominent among market cap indices the GulfBase said in its market commentary.
Sectoral performance was tremendous as all sectors closed in green and accumulated more than three thousand points.
Energy & Utilities sector was major winner which increased by 8.87 percent to close the day at 7123.09.
Real Estate Development and Multi-Investment were other significant advancing sectors marching higher by 5.8 percent and 3.3 percent respectively.
There were 143 net advancing issues a largely strong market breadth.
Share price of Knowledge Economic City rallied to a growth of 9.92 percent to SR 23.04 clinching the spot as top gainer amongst Saudi stocks.
The company volume went 3.6 times high over its 50-day average liquidating more than ten million shares.
The heavyweight Saudi Electricity Co. followed it soaring up 9.74 percent for the session.
Jabal Omar Development Co. hitting an all-time SR70.5 advanced 7.18 percent on Sunday. The market leader SABIC (Saudi Basic Industries Corp.) rose 2.12 percent closing at SR97.09.
A good amount of turnover 435 million shares worth SR11.6 billion changed hands on the Saudi stock market.
This turnover reflects 26.5 percent increase in terms of volume and 36 percent in terms of value as compared to the previous day.
Most of the trading was concentrated in Dar Alarkan Real Estate and Alinma Bank which collectively contributed thirty percent to the total market volume.
Both stocks pumped SR1.8 billion into the market a relative market share of 15.3 percent.
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