05 November 2013
The Saudi stock market continued its upward march and managed a fourth straight rise Monday, showing a balmy gain of 0.17 percent.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) wavering along the break-even line within a low range of 24.4 points ended nearly 13.8 points higher to 8,073.97.
On year-to-date basis, it showed a yield of 18.71 percent.
The market cap indices closed the day in mixed territories.
Most of the sector indices ended positively, with nine sectors showing a collection over 980 points.
Transport made the biggest jump among sectoral indices, posting a solid growth of 3.89 percent to 5,628.67.
Hotel & Tourism sector followed it, advancing 464.5 points or 3.17 percent.
On the other hand, five sectors including Cement lost an aggregate of 73.5 points yesterday.
Riyad Bank came out as significant player among heavyweight stocks, rising 0.71 percent for the day. On the contrary, SABB suffered worst of heavyweights, declining more than one percent.
Market breadth with advance-decline ratio of 0.86:1 remained slightly negative.
The National Shipping Co. of Saudi Arabia (BAHRI) and Al-Tayyar Travel Group played well among all Saudi companies, marching higher by 7.14 percent and 4.35 percent respectively.
BAHRI also included among the most active stocks, pouring 7.6 million shares and contributing SR177.5 million.
Saudi Kayan Petrochemical Co. topped the volume chart, liquidating 20.2 million shares and capturing 14 percent of the overall market volume.
Tadawul total volume set sold approximately 144 million shares, a decrease of 17.8 percent as compared to previous level.
But liquidity rose by 4.92 percent to SR 4.6 billion. Furthermore, upside-downside volume ratio of 2:1 remained positive.
The Saudi stock market continued its upward march and managed a fourth straight rise Monday, showing a balmy gain of 0.17 percent.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) wavering along the break-even line within a low range of 24.4 points ended nearly 13.8 points higher to 8,073.97.
On year-to-date basis, it showed a yield of 18.71 percent.
The market cap indices closed the day in mixed territories.
Most of the sector indices ended positively, with nine sectors showing a collection over 980 points.
Transport made the biggest jump among sectoral indices, posting a solid growth of 3.89 percent to 5,628.67.
Hotel & Tourism sector followed it, advancing 464.5 points or 3.17 percent.
On the other hand, five sectors including Cement lost an aggregate of 73.5 points yesterday.
Riyad Bank came out as significant player among heavyweight stocks, rising 0.71 percent for the day. On the contrary, SABB suffered worst of heavyweights, declining more than one percent.
Market breadth with advance-decline ratio of 0.86:1 remained slightly negative.
The National Shipping Co. of Saudi Arabia (BAHRI) and Al-Tayyar Travel Group played well among all Saudi companies, marching higher by 7.14 percent and 4.35 percent respectively.
BAHRI also included among the most active stocks, pouring 7.6 million shares and contributing SR177.5 million.
Saudi Kayan Petrochemical Co. topped the volume chart, liquidating 20.2 million shares and capturing 14 percent of the overall market volume.
Tadawul total volume set sold approximately 144 million shares, a decrease of 17.8 percent as compared to previous level.
But liquidity rose by 4.92 percent to SR 4.6 billion. Furthermore, upside-downside volume ratio of 2:1 remained positive.
© Arab News 2013
