Saudi- Stocks fluctuate in a wide range 

(MENAFN - Arab News) Saudi stocks appeared to be a little volatile yesterday as trading range of Tadawul index expanded over 250 points.

The volume increased dramatically as more and more traders got nervous about the decline of stocks.

The level of turnover remained significantly escalated yesterday as trading volume at Tadawul reached 602 million shares, surging more than double from the previous value.

The liquidity of SR9.6 billion surpassed the previous day's SR4.9 billion.
The number of executed transactions reached 214,320 trades, an increase of 71.3 percent over the previous day.

Heavy interest was witnessed in the Mobile Telecommunications-ZAIN, Dar Alarkan Real Estate and Atheeb Telecom, which collectively contributed about half of the Tadawul's total volume.

Despite a wide fluctuation, the Tadawul All-Share Index (TASI) declined a little from earlier levels, decreasing by 20.07 points or 0.30 percent to close at 6724.46.

All sectors performed in a mixed fashion, with five sectors accumulating an aggregate of 187.26 points.

One of the best performing sectors was Media and Publishing which rose to 2.89 percent for the day.

On the other hand, Transport sector performed worst, shedding 2.1 percent to close at 3,695.29.

Most of the major heavy weights ended the day with mild losses, with the Al-Rajhi Bank and Saudi Arabia Fertilizers Co. (SAFCO) going down 1.36 percent and 1.14 percent respectively.

The market breadth was in the favor of bears as out of 152 stocks only 45 were able to close higher.

Insurance companies continued to lead the top gainer and loser charts, with ACE Arabia Insurance and Allianz Saudi Fransi, offsetting their performance by 9.9 percent positive-negative change.