Friday, December 6, 2019
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SASCO clinches top gainer spot

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) closed at 9,378.87 points on Sunday, down 0.08 percent over the close of the previous day.
It took a U-turn after 45 points earlier fall and then moving sideways for rest of the session closed seven points below the break-even line. The TASI has achieved 9.88 percent in almost two and half months.
Sectoral indices performed in a mixed fashion, with nine sectors accumulating an aggregate of 170 points and six sectors trimming same number of points.
The losses made by the Transport (-0.6 percent) and Real Estate Development (-0.59 percent) being offset by rise in Hotel & Tourism (+0.48 percent) and Insurance (+0.39 percent).
Market breadth was negative as declining stocks outnumbered advancers by a margin of 73 to 66 on the Tadawul market. But upside-downside volume ratio of 3.4:1 remained favorable.
Northern Region Cement Company posted the largest losses, falling 3.59 percent to close the day at SR 24.2.
On the positive side, Saudi Automotive Services Co. (SASCO) played well among all Saudi companies, marching higher exactly by four percent to SR28.6.
Etihad Atheeb Telecommunication Company was another significant advancer, surging 3.89 percent for the day.
Atheeb with trades over 38.4 million shares worth SR667.3 million also topped the volume and value charts, capturing 13 percent of the overall market volume.
Tadawul total volume exchanged hands approximately 295 million shares, an increase of 12.3 percent as compared to previous level.
But equity turnover reached to SR7.5 billion, half billion decrease from previous trading day.
All most active stocks closed in green except market leader SABIC (Saudi Basic Industries Corp.), which fell 0.43 percent to close at SR116.