Saudi- Tadawul continues upward momentum 

(MENAFN - Arab News) The Tadawul All-Share Index (TASI) yesterday rose 25.81 points to finish at 7,051.18 after trading between 7,025.37 and 7,057.95. While curving in the upward territory throughout the session it added 0.37 percent for the entire day.

TASI's year-to-date gains improved further to 250 points or 3.68 percent.
Micro cap remained prominent among market cap indices, advancing 1.69 percent for the day.

Sectoral performance was tremendous, as 13 out of the 15 sectors closed in the upward territory, accumulating an aggregate of 521 points.

Insurance and Retail were best performing sectors of the day, advancing 1.49 percent and 1.32 percent respectively.

Only Banking and Media sectors could not manage for gains, going down a little and losing 48 points collectively.

Most of major heavy weights witnessed a positive change, with Samba Financial Group increasing by 0.89 percent, Etihad Etisalat Co. (Mobily) 0.62 percent and bellwether SABIC (Saudi Basic Industries Corp.) 0.53 percent.
However, Al-Rajhi Bank and Kingdom holding ended lower, declining 1.16 percent and 0.78 percent respectively.

Market breadth with advance-decline ratio of 6:1 remained extremely strong.
Food Products Co. dominated the performance among all Saudi equities, topping the gainer chart with 9.83 percent positive change and closing at SR 32.4.

Saudi Indian Company for Co-operative Insurance also continued its upward march for the seventh consecutive session, marking another gain of SR9 or exactly 9.0 percent.

New player National medical care company, which maintained a heavy flow of liquidity for the second straight day, contributing SR 1.9 billion and capturing 26.2 percent of Tadawul's total value.

But the company dived to a maximum decline of 9.84 percent, closing the day at SR 110.