Saudi Tadawul turns green 

(MENAFN - Arab News) The Saudi Stock Market bucked the three-day downward trend and turned green yesterday on the back of strong performance by the Real Estate and Media sectors.

The Tadawul All-Share Index (TASI) while reflecting a typical trough-peak combination continued marching its way higher to close in the green at 7541.5 points.

The index advanced over 29.24 points or 0.39 percent for the entire day.

Most of the major sectors closed in the green territory; Real Estate Development remained at top showing an increment of 90.4 points, or 2.25 percent, 4,117.76 from 4,027.34.

Media and Publishing continued to trade in green for the second consecutive day, up 2.11 percent.

On the other hand, five sectors ended the day with mild losses, with the cement sector going down 0.87 percent for the day.

Tadawul turnover went down by 3.9 percent and traded 427.5 million shares as compared with 494.1 million shares of previous day.

Seven out of top ten market cap companies ended the day in green. Kingdom Holding and Al-Rajhi Bank performed well relatively, achieving a growth of 1.65 percent and 0.64 percent respectively.

On the other worst side, Samba Financial Group continued its downward fall throughout the week, shedding 0.5 percent further to close at SR50.5.

The market breadth was positive with advance-decline ratio of 1.8:1.

Saudi Land Transport Co. (Mubarrad) dominated the performance among all Saudi stocks, reflecting an increment of SR5 or 8.93 percent to close the day at SR61.