Monday, December 16, 2019
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Real sector stays in the limelight

The benchmark Tadawul All-Share Index (TASI) dug in at 8,956.86 and ended its Tuesday’s trading up nearly 17 points.
It jumped 40 points earlier yesterday and spending almost entire session in the green district gained 0.19 percent. On year-to-date basis, the TASI’s yield reached just below five percent.
Sectoral performance was mixed, with eight sectors accumulating an aggregate of 228.5 points and seven sectors trimming over 128 points collectively.
Real Estate Development was major winner among sectoral indices, which increased by 1.37 percent to close the day at 5,236.24. Insurance was another significant gaining sector, growing by 1.22 percent.
On the other hand, Energy & Utilities switched to worst performing sector, slipping nearly 35 points or 0.63 percent.
The market breadth was positive, with 76 stocks witnessing advances and 58 others marking a decline.
New player Saudi Marketing Company (FARM) again made the biggest jump among all Saudi equities, achieving a daily growth of 9.89 percent to SR47.8. Saudi Enaya Cooperative Insurance followed it, closing higher by 9.78 percent.
The bellwether SABIC (Saudi Basic Industries Corp.) rose 1.1 percent, closing at SR113.5.
Market activity remained 2 to 5 percent greater than previous level. More than 240 million shares worth SR6.3 billion changed hands on the Saudi stock market.
The 50-day average for trading turnover is closer to 219 million shares worth SR6.0 billion.
Alinma Bank and Dar Alarkan with trades over 77.9 million shares topped the volume chart, capturing 32.4 percent market volume jointly.
Only Saudi Kayan showed a negative change amongst most active stocks, liquidating 17.3 million shares and going down by 2.3 percent.