Tadawul builds hope as key index rises

The Tadawul All-Share Index (TASI) ended yesterday’s trading in the green at 7,043.55 points, up 15.74 points, from its previous day close at 7,027.81 points.
Wavering above the break-even line it edged higher 0.22 percent, reflecting a trading range of 24 points yesterday.
All market cap indices ended the day in the safe area.
Most of the major sectors advanced upward, accumulating more than 350 points.
The Building and Construction sector remained at top showing an increment of 1.48 percent, crossing 3,000 points-mark.
Multi-investment and transport sectors were other significant gainers, rising more than one percent for the day.
On the other hand, Banks & Financial Services sector was the biggest decliner, going down slightly 0.4 percent to 15,308.51.
Advancers outnumbered the declining stocks by a margin of 84 to 59 and the prices of 13 companies remained unchanged.
Saudi Cable Company turned in a splendid performance among all Saudi stocks, soaring up 8.39 percent to SR 14.85. Mobile Telecommunications Company (Zain) followed it, surging 6.13 percent yesterday.
Zain also appeared to be the most active stock of the day, liquidating more than 87 million shares, which equates 26.8 percent of overall market volume.
The value of these shares totaled SR 755.8 million, a relative market share of 11 percent.
Kingdom Holding Company and Mobily (Etihad Etisalat Company) played well among big players, rising by 2.29 percent and 0.66 percent respectively.
Share trading activity remained high as compared to previous day; turnover went up by 62.32 percent on volume basis and 6.84 percent in terms of liquidity.