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MENAFN - Arab News - 20/06/2012

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(MENAFN - Arab News) Saudi stocks showed narrow fluctuations yesterday. The Tadawul All-Share Index (TASI) rose 0.14 percent to 6,817.26 points yesterday, which was roughly where it started the day.

The index while reflecting a sideways walk for most of the session added nominal 9.75 points to close in the green territory.

Sector indices performed in a mixed fashion, with nine sectors accumulating an aggregate of 417.29 points.

Transport sector advanced 3.22 percent over the day, posting the biggest gains among all sectors, followed by Hotel & Tourism which added 184.68 points further.

Most of heavy weights closed a bit lower; where SABB fell 1.18 percent and Samba 0.45 percent for the day.

On the other hand, the bellwether SABIC (Saudi Basic Industries Corp.) played well, moving upward by 1.38 percent.

The market breadth was in the favor of bulls as out of 152 stocks only 49 were able to close lower.

Saudi Land Transport Co. (Mubarrad) dominated the performance among all Saudi stocks, reflecting an increment of SR4.1 or 9.87 percent to close the day at SR45.6.

On the worst side, Allianz Saudi Fransi continued its downward fall for the fourth straight day, topping the decliner chart with 9.74 percent negative change.

About one-third of its worth has been reduced in four days.

 






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