(MENAFN - Arab News) On Monday, the Tadawul All-Share Index (TASI) closed 0.5 percent higher at 6,904.38 points.
Overall performance of sectoral indices remained positive. Transportation sector was at top, showing a daily growth of 5.64 percent to close at 3,568.91. It was followed by Industrial Investment sector, which added 96.09 points, an increase of 1.61 percent. Hotel & Tourism was the worst performer with 3.03 percent decline.
Buying interest prevailed at Saudi Stock, specifically 473.4 million shares worth SR10.69 billion changed hands on the Saudi stock market. Tadawul turnover reflected an increase of 3.14 percent, surpassing previous day's SR10.36 billion.
Petrochemical Industries sector with more than 115.2 million shares became the most active as it contributed a share of 24.3 percent relatively. The Saudi Investment Bank, Savola Group and Kingdom Holding Co. are significant stocks among 22 Saudi stocks, which reflected a 100 percent or more increase in daily volume.
The heavyweight SABIC (Saudi Basic Industries Corp) with a turnover of more than SR1.01 billion, remained as most active scrip for the second consecutive day. It represented a growth of 81 percent over its previous day's value. On the other hand, Zain KSA with 39.2 million shares occupied the title of volume leader.
Market breadth was negative as out of 149 stocks traded Monday, 58 were up and 72 were down while 19 remained unchanged. Allianz Saudi Fransi Cooperative Insurance and Saudi Automotive Services Co. occupied the leader position among all Saudi stocks, both jumped to 9.8 percent to close at SR92.25 and SR20.75 respectively.
Saudi Hotels Co. announced its audited financial results; it achieved a net profit of SR153.4 million for the year ended Dec. 31, 2011 as against a net profit of SR122.7 million reported in 2010, an increase of 25 percent. The board of directors of the company also recommended a cash dividend of SR103.5 million (SR1.5 per share), which represents 15 percent of the share capital as on Dec. 31, 2011.
On Monday, the board of directors of the Saudi Electricity Co. (SEC) announced the recommendation of a cash dividend of SR0.70 per share to its shareholders for the fiscal year 2011.