JEDDAH: The Tadawul All-Share Index (TASI) opened on a positive note yesterday, touching a peak of 7,014.74 earlier but could not sustain the upward momentum, while curving down for most of the session and edging up to add nominal 13.18 points or 0.19 percent for the day.
Sector indices at Saudi stock market ended the day with modest gains.
Multi-Investment and Insurance sectors outperformed, both added over 100 points to reflect a daily growth of 2.6 percent and 2.1 percent respectively.
On the other hand, only Banking and Petrochemical sectors closed in the red, declining by 0.21 percent and 0.1 percent respectively.
Only Saudi Electricity Co., Etihad Etisalat Co. (Mobily) and Al-Rajhi Bank among heavy weights managed a gain, advancing over 0.3 percent for the day, while Samba Financial Group suffered profit-taking and went down by 0.84 percent to close at SR 47.3.
Tadawul investors showed a lackadaisical attitude, as the overall share trading activity remained roughly 17 percent lower than the previous day. The market's volume went 49.7 percent below the 50-day average of 581 million shares.
Liquidity also shrank to SR 5.7 billion, 53.2 percent lower than the 50-day average of SR 12.2 billion.
The market breadth was largely positive with 109 stocks witnessing advances against 24 stocks that witnessed declines, and prices of 18 companies remained unchanged.
Enaya Insurance and Saudi Advanced Industries outdid rest of its peers as prices of both rallied to a maximum growth of 10 percent to close at SR 40.7 and SR 22.1 respectively.
