Saudi Arabia’s benchmark stock index (Tadawul) turned green on Sunday, recovering entirely from previous trading day’s losses. The index continued inching its way higher to finish at 9,462.98 points, up 0.42 percent or forty points from the previous close.
TASI also logged a healthy YTD return of 10.86 percent. All market cap indices finished to the upside, with Micro Cap growing 0.8 percent.
Most of the major sectors closed in the green territory, accumulating an aggregate of 554 points.
Media and Publishing made the biggest jump among all sector indices, marching higher by 5.75 percent to close the day at 3,660.25. Insurance and Real Estate sectors followed it, surging by 1.31 percent and 1.09 percent respectively.
On the negative side, Hotel & Tourism suffered worst of all sectors, turning down exactly two percent and closing at 20,069.97.
Heavy weights closed in mixed fashion, where market leader SABIC (Saudi Basic Industries Corp.) rose 0.85 percent and Saudi Telecom Co. fell 1.12 percent.
SABIC shares have climbed near to a four-year high of SR118.75 before closing at SR118.
The top five most active stocks also closed in green, with Etihad Atheeb Telecom outdid rest of its peers, rising 3.29 percent to SR17.25.
Advancing stocks outnumbered decliners by a margin of 99 to 39 and the prices of 21 companies remained unchanged.
Share price of Tihama Advt. & Public Relations Co. rallied to a growth of 9.97 percent, clinching the spot as top gainer amongst Saudi stocks. BUPA Arabia for Cooperative Insurance was another significant gainer, moving up by 9.25 percent.
Bupa shares also raced to a new all time high of SR59.25 before closing at SR59.
Tadawul volume went down by 8.7 percent and traded 260.8 million shares as compared to previous day’s 285.7 million shares. Trading volume was led by Dar Al-Arkan, which liquidated roughly 35 million shares, a relative market share of 13.6 percent.
Liquidity remained nearly unchanged from previous day’s SR7.9 billion. The total turnover was slightly below the 50-day average level.