Tuesday, November 19, 2019
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Tadawul: Energy, real estate sectors in limelight

Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) continued its positive drive, marking another handsome gain of 1.1 percent Sunday.
While curving in the upward territory throughout the day it added further 101.8 points, closing at 9,350.6.
The TASI’s YTD gain has reached near ten percent. Tadawul’s all fifteen sectors extended gains, reflecting an accumulation of 1,582.7 points.
Energy & Utilities was major winner among sectoral indices, which increased more than three percent to close the day at 5,787.21.
Real Estate Development sector has been showing sequential gains, achieving another daily growth of 2.72 percent to 6,329.29. It also reflected a year-to-date change (+32.89 percent) which is highest amongst all Saudi sectors.
Retail added considerable 319.3 points, up more than 2.2 percent. Most of heavy weights finished to the upside.
The advancers easily outnumbered declining stocks by a huge margin of 123 to 18.
Trade Union Cooperative Insurance and National Agriculture Marketing Co. came out as key gainers among all Saudi stocks, each stepping up by 9.8 percent.
Market activity was high; more than SR11.2 billion were poured into the market. Trading volume was impressive, with 473.4 million shares changed hands in the market, a significant 47.8 percent growth over the previous level.
The 50-day average for trading volume is closer to 256 million shares.
Most of the trading was concentrated in Saudi Mobile Telecommunications (Zain), which liquidated 125.9 million shares, a relative market share of 26.6 percent.
The value of these shares totaled SR1.3 billion which accounted for 11.2 percent of the Tadawul liquidity.
Zain has also been able to occupy the place at top gainer chart, surging by 8.42 percent, and ranking fourth.