02 January 2014
The Saudi stock market ended Wednesday's trading session solidly in the green.
The benchmark Tadawul All-Share Index (TASI) spending entire session in the green territory edged higher to 8,605.34, up nearly seventy points or 0.82 percent from previous level.
Eleven out of Tadawul's 15 sectors extended gains, reflecting an accumulation of 667.8 points.
Again Transport posted the biggest gains among sectoral indices, marching higher by 1.91 percent and closing at 6,600.36. Petrochemical Industries and Telecom were other key gaining sectors of the day, growing by 1.6 percent.
Most of heavyweights finished to the upside, with Saudi Telecom Co. surging by 3.73 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.79 percent. SABIC also topped the value chart, pumping more liquidity (SR507.2 million) into the market.
Advancing stocks outnumbered decliners by a margin of 87 to 48 and the prices of 24 companies remained unchanged.
Recently traded ANB Cooperative Insurance and Bawan Company continued to top the performance chart at Tadawul, soaring up 9.85 percent for the day.
Rabigh Refining and Petrochemical Co. came out as significant gainer among most active stocks, surging 4.74 percent to close at SR25.4. Most of the trading was concentrated in Saudi Kayan Petrochemical Co. with 17.3 million shares, capturing 8.8 percent of market volume.
Tadawul volume went up by four percent and traded 195.7 million shares as compared to previous day's 188.4 million shares. More than SR5 billion were liquidated into the market. Total turnover was 5 to 10 percent greater than the 50-day average level.
The Saudi stock market ended Wednesday's trading session solidly in the green.
The benchmark Tadawul All-Share Index (TASI) spending entire session in the green territory edged higher to 8,605.34, up nearly seventy points or 0.82 percent from previous level.
Eleven out of Tadawul's 15 sectors extended gains, reflecting an accumulation of 667.8 points.
Again Transport posted the biggest gains among sectoral indices, marching higher by 1.91 percent and closing at 6,600.36. Petrochemical Industries and Telecom were other key gaining sectors of the day, growing by 1.6 percent.
Most of heavyweights finished to the upside, with Saudi Telecom Co. surging by 3.73 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.79 percent. SABIC also topped the value chart, pumping more liquidity (SR507.2 million) into the market.
Advancing stocks outnumbered decliners by a margin of 87 to 48 and the prices of 24 companies remained unchanged.
Recently traded ANB Cooperative Insurance and Bawan Company continued to top the performance chart at Tadawul, soaring up 9.85 percent for the day.
Rabigh Refining and Petrochemical Co. came out as significant gainer among most active stocks, surging 4.74 percent to close at SR25.4. Most of the trading was concentrated in Saudi Kayan Petrochemical Co. with 17.3 million shares, capturing 8.8 percent of market volume.
Tadawul volume went up by four percent and traded 195.7 million shares as compared to previous day's 188.4 million shares. More than SR5 billion were liquidated into the market. Total turnover was 5 to 10 percent greater than the 50-day average level.
© Arab News 2014
