JEDDAH: Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) dug in at 9,313.05 and ended its Wednesday’s trading up over 33 points or 0.36 percent.
It went 38.6 points above and 34.9 points below the break-even line during the day, the GulfBase said in its market commentary.
On an YTD basis, TASI registered a positive return of 11.76 percent.
Banks & Financial Services sector was the single decliner of the day, falling 0.2 percent.
Rest of the sectors accumulated an aggregate of 1,101 points.
Media and Publishing sector turned in a splendid performance, surging three and half percent to 2,331.79.
Tourism and Multi-Investment sectors followed it, advancing 2.42 percent and 1.84 percent respectively.
The market breadth with advance-decline ratio of 2.7:1 remained favorable.
Tihama Advertising and Public Relations Co. topped the performance chart at Tadawul, soaring up 9.87 percent to SR99. Malath Cooperative Insurance was another key gainer, closing up by 7.48 percent.
Market volume went down by 13.8 percent and traded 131.2 million shares as compared to previous day’s 152.2 million shares. Roughly SR4.3 billion poured into the market.
Alinma Bank appeared to be the most active stock of the day, liquidating 15.7 million shares, which equates 12 percent of overall market volume.
The bellwether SABIC (Saudi Basic Industries Corp.) pumping a liquidity of SR406.3 million topped the value chart, a relative market share of 9.5 percent.
Media stocks stay in limelight
