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MENAFN - Arab News - 05/02/2013

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(MENAFN - Arab News) The Saudi stock market continued its downward movement, trimming few more points yesterday. The Tadawul All-Share Index (TASI) ended yesterday's trading in the red at 7,025.44 points, down 7.86 points or 0.11 percent, from its previous day close at 7,033.3 points.

It went 14.7 points above and 15.1 points below the break-even line during the day.

Only Med cap indices moved upward slightly.

Sector indices performed in a mixed fashion, with seven sectors accumulating an aggregate of 268 points and eight sectors shedding 130 points collectively. The losses made by the Insurance (-1.55 percent) and Banks & Financial Services (-0.41 percent) being offset by rise in Multi-Investment (1.23 percent) and Tourism (0.85 percent).

Decliners outnumbered the advancers by a margin of 79 to 56 and the prices of 21 companies remained unchanged.

Al-Ahsa Development Co. made the biggest jump among all Saudi equities, surging by 9.7 percent to close at SR 15.75. Alujain Corporation followed it, advancing more than five percent.

On the other side of the spectrum, Amana Cooperative Insurance suffered the greatest amount of damages, turning down exactly five percent to SR 52.25.

Top ten market cap companies also closed the day in mixed territories, showing small changes from previous day's level. Etihad Etisalat Co. (Mobily) and SABB gained 0.3 percent for the day. While, bellwether SABIC (Saudi Basic Industries Corp.) ended 0.8 percent lower to SR93.

Tadawul turnover went slightly down by 1.2 percent and traded 220.3 million shares as compared to previous day's 223 million shares. The 50-day average for trading volume is closer to 203.6 million shares.

 






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