Friday, December 13, 2019
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Tadawul: Hotel and tourism sector gains 2.87%

The Saudi stock market was in the red Tuesday, reversing after a 4-day surge and dropping 0.17 percent for the day.
The Tadawul All-Share Index (TASI) bouncing between green-red within a range of 35.2 points ended nearly 15 points lower to finish at 8,859.2 points. It performed within a range of 35.2 points.
Sectoral performance remained almost balanced with seven sectors moving upward and accumulating 718 points. Hotel & Tourism showing notable gains of 506.8 points or 2.87 percent became the top performer among sectoral indices, closing at 18,193.41.
On the other negative side, seven sectors ended lower, dropping an aggregate of 477.7 points. While, Energy & Utilities sector ended without any change.
Transport sector showed the worst performance for the second straight session, marking another decline of 2.73 percent and trimming back 7,000-mark.
Heavy weights also closed in mixed fashion, where Mobily rose 0.56 percent and Al-Rajhi Bank fell 1.4 percent for the day.
The market breadth with advance-decline ratio of 0.56:1 remained unfavorable.
Saudi Kayan Petrochemical Company outdid rest of the Saudi stocks, advancing 4.48 percent for the day. Kayan with trades over 30 million shares positioned itself among the most active stocks, closing the day at SR15.15 and ranking second.
On the other hand, Share price of Saudi Public Transport Co. dived to a maximum decline of 9.72 percent, closing the day at SR28.8.
A considerable amount of turnover 263.97 million shares worth SR7.2 billion changed hands on the Saudi stock market.
This turnover reflects a daily increase of 31.2 percent on volume basis and 24.6 percent in terms of liquidity.