Saudi- Tadawul investors raise their outlook 

(MENAFN - Arab News) Saudi stocks have been jumping in the green territory yesterday, as a positive change in the general perception of the investors appeared yesterday.

The Tadawul All-Share Index (TASI) after losing a nominal 2 points earlier, then changing its direction toward north and keeping the upward momentum throughout the session, closed higher at 6749.49, adding 86.5 points or 1.3 percent for the entire day.

All Saudi sectors performed well, only Agriculture sector resisted the prevailing upward trend throughout the session, but turned green just before ending the session, achieving 18 points or 0.29 percent.

Positive performance was boosted by Multi-Investment and Real Estate sectors, reflecting a growth of 3.5 percent and 2.9 percent respectively.
The Banks & Financial Services sector while accumulating 272.6 points or 1.8 percent, ranked fourth.

Most of the trading was concentrated in the Real Estate sector with 86.5 million shares, capturing 27.6 percent of Tadawul volume.

There were 132 net advancing issues, a largely strong market breadth.
Top ten heavy weights also ended the day in green, with Kingdom Holding continuing to perform well for the second straight day, increasing by 5.5 percent.

Samba Financial Group and Al-Rajhi Bank followed Kingdom's performance, achieving 2.92 percent and 2.43 percent growth respectively.

Enaya Insurance shares jumped 9.96 percent to close the day at SR53, clinching the spot as top gainer amongst Saudi stocks.

It traded in the green zone for the second consecutive day, advancing over 19.75 percent in two days.