21 October 2013
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose sharply by 1.88 percent on the first day of its opening after Eid Al-Adha.
While curving in the upward territory throughout the day it added 150.29 points, closing at 8,133.24 points.
TASI's year-to-date gains reached 19.59 percent. Micro cap indices remained prominent, posting a growth of two and half percent.
All sectors extended gains except Banks & Financial Services, which trimmed less than twenty points to close at 17,679.35. Al-Rajhi Bank reflecting largest losses of 1.93 percent became the major decliner at Tadawul. Remaining 14 sectors showed a collection of 1,502.6 points jointly.
Petrochemical Industries sector made the biggest jump among sectoral indices, accumulating over 319 points or 4.96 percent to close the session at 6,755.80.
Real Estate Development, Transport and Agriculture were other significant advancing sectors, gaining more than two percent.
Most of heavy weights rose from previous day's levels, with market leader SABIC (Saudi Basic Industries Corp.) outdid rest of its peers, surging 5.35 percent to SR 103.25. SABIC with a liquidity of SR 600.7 million also topped the value chart, reflecting a relative market share of 10.7 percent.
There were 144 net advancing issues, a largely strong market breadth.
Saudi Kayan Petrochemical Company remained at top position among all Saudi equities, soaring up 9.62 percent and closing at SR13.1.
Most of the trading was also concentrated in Kayan with 44.4 million shares, capturing 18.3 percent of Tadawul volume.
Roughly 243 million shares worth SR5.6 billion were poured into the market. This turnover reflects 67.7 percent increase in terms of volume and 50.4 percent in terms of liquidity as compared to the previous day.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose sharply by 1.88 percent on the first day of its opening after Eid Al-Adha.
While curving in the upward territory throughout the day it added 150.29 points, closing at 8,133.24 points.
TASI's year-to-date gains reached 19.59 percent. Micro cap indices remained prominent, posting a growth of two and half percent.
All sectors extended gains except Banks & Financial Services, which trimmed less than twenty points to close at 17,679.35. Al-Rajhi Bank reflecting largest losses of 1.93 percent became the major decliner at Tadawul. Remaining 14 sectors showed a collection of 1,502.6 points jointly.
Petrochemical Industries sector made the biggest jump among sectoral indices, accumulating over 319 points or 4.96 percent to close the session at 6,755.80.
Real Estate Development, Transport and Agriculture were other significant advancing sectors, gaining more than two percent.
Most of heavy weights rose from previous day's levels, with market leader SABIC (Saudi Basic Industries Corp.) outdid rest of its peers, surging 5.35 percent to SR 103.25. SABIC with a liquidity of SR 600.7 million also topped the value chart, reflecting a relative market share of 10.7 percent.
There were 144 net advancing issues, a largely strong market breadth.
Saudi Kayan Petrochemical Company remained at top position among all Saudi equities, soaring up 9.62 percent and closing at SR13.1.
Most of the trading was also concentrated in Kayan with 44.4 million shares, capturing 18.3 percent of Tadawul volume.
Roughly 243 million shares worth SR5.6 billion were poured into the market. This turnover reflects 67.7 percent increase in terms of volume and 50.4 percent in terms of liquidity as compared to the previous day.
© Arab News 2013
