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Saudi- Insurance retail sectors show nominal gains
(MENAFN- Arab News) JEDDAH: Saudi Arabia's benchmark Tadawul stock Index closed lower to 9753.32 shedding more than 48 points or 0.49 percent on Wednesday.
It performed within a trading range of 65 points.
Large cap (-0.62 percent) suffered worst of market cap indices the GulfBase said in its market commentary.
Most of the major sectors closed in the downward territory paring an aggregate of 684 points.
Industrial Investment switched its position from top performer of previous day to the worst performing sector of the day declining by 2.22 percent to 9295.77.
Real Estate Development also dipped 1.43 percent but still closing above 8000 points-level.
Only Insurance and Retail sectors showed nominal gains for the day.
The market breadth with advance-decline ratio of 0.53:1 remained unfavorable.
Dallah Healthcare Co. outdid rest of the Saudi stocks advancing 6.46 percent to SR 140.6.
The company volume was 477 percent greater when compared with previous day.
Share price of Ahmed H. Fitaihi & Co. climbed to a fresh five-year high of SR 29.2 up two percent roughly.
Takween Advanced Industries on the other hand posted the largest losses falling 5.6 percent for the day. But the company volume was 3.5 times high over its 50-day average.
The heavyweight Jabal Omar Development Company depreciated two percent to SR78.35.
The bellwether SABIC (Saudi Basic Industries Corp.) regained its most liquid status pumping SR555 millions but closing slightly down.
Market activity was 12 percent low when compared with previous level.
Roughly 232 million shares worth SR7.1 billion poured into the market.
The 50-day average for trading turnover is closer to 319 million shares worth SR8.6 billion.
It performed within a trading range of 65 points.
Large cap (-0.62 percent) suffered worst of market cap indices the GulfBase said in its market commentary.
Most of the major sectors closed in the downward territory paring an aggregate of 684 points.
Industrial Investment switched its position from top performer of previous day to the worst performing sector of the day declining by 2.22 percent to 9295.77.
Real Estate Development also dipped 1.43 percent but still closing above 8000 points-level.
Only Insurance and Retail sectors showed nominal gains for the day.
The market breadth with advance-decline ratio of 0.53:1 remained unfavorable.
Dallah Healthcare Co. outdid rest of the Saudi stocks advancing 6.46 percent to SR 140.6.
The company volume was 477 percent greater when compared with previous day.
Share price of Ahmed H. Fitaihi & Co. climbed to a fresh five-year high of SR 29.2 up two percent roughly.
Takween Advanced Industries on the other hand posted the largest losses falling 5.6 percent for the day. But the company volume was 3.5 times high over its 50-day average.
The heavyweight Jabal Omar Development Company depreciated two percent to SR78.35.
The bellwether SABIC (Saudi Basic Industries Corp.) regained its most liquid status pumping SR555 millions but closing slightly down.
Market activity was 12 percent low when compared with previous level.
Roughly 232 million shares worth SR7.1 billion poured into the market.
The 50-day average for trading turnover is closer to 319 million shares worth SR8.6 billion.
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