The Saudi stock market ended Sunday’s trading session solidly in the green. The Tadawul All-Share Index (TASI) closed up 66.62 points or 0.8 percent to 8,383.77, after being up as much as 94 points.
On year-to-date basis, the TASI crossed a positive return of 23 percent. Med cap indices showed the best performance, advancing more than one percent.
Most of the major sectors closed in the green territory, accumulating an aggregate of 692.2 points. Energy and cement posted the biggest gains among sectoral indices, marching higher by 4.36 percent and 3.03 percent respectively.
Telecommunication & Information Technology sector all added more than one percent to close at 2,708.88. The large cap Saudi Telecom advanced 3.72 percent to finish at SR 55.75.
Advancing stocks outnumbered decliners by a margin of 71 to 43 and the prices of 43 companies remained unchanged.
Southern Province Cement Co. and the heavyweight Saudi Electricity Company (SECO) remained at top positions among all Saudi equities, surging by 9.21 percent and 4.95 percent respectively. SECO with trades over 11 million shares also positioned itself among the most active stocks, closing the day at SR 14.85 and ranking third.
Market activity remained a little high as compared to previous day; turnover went up by 30.8 percent in terms of liquidity and 22 percent on volume basis.
Roughly 200 million shares worth over six billion Riyals changed hands on the Saudi stock market. Tadawul volume still remained slightly below the 50-day average level.
SABIC poured nearly SR700 million into the market, topping the liquidity chart and closing green at SR109.75.