The Saudi stock market bucked the prevailing 4-day negative trend and turned green yesterday. The Tadawul All-Share Index (TASI) moved into the green territory earlier yesterday and spending almost entire session in the same region closed higher to 6,996.72 points, up 13.83 points or 0.20 percent from its previous close. It performed within a trading range of 31 points yesterday.
Among market cap indices only Micro cap went slightly downward.
Most of the sector indices ended positively, with eleven sectors accumulating an aggregate of 473 points. Multi-Investment made the biggest jump among sectoral indices, posting a solid growth of over three percent to 3,833.34. Media, Transport and Agriculture sectors followed it, advancing more than one percent.
On the worst side, Insurance sector continued its downward fall for the fourth consecutive day, slipping 1.4 percent further to close at 1,238.73.
The market breadth was slightly negative, with 66 stocks witnessing advances and 74 others marking a decline.
National Agriculture Marketing Co. (THIMAR) occupied the leading position among all Saudi stocks, surging by 7.24 percent to close the day at SR 37. While, Kingdom holding showed a tremendous performance among big players, marching higher by 6.82 percent. The company has also been able to occupy the place at top gainer chart, closing at SR 21.9, and ranking second.
New player Northern Region Cement Company continued to dominate the trading activity, liquidating ever sixty million shares, which equates 31 percent of the overall market volume. The value of these shares totaled SR 1.5 billion which accounted for roughly 26 percent of the Tadawul turnover. But the company suffered worst of all equities for the second straight day, showing a further reduction of SR 2.7 or 10 percent to close at SR 24.3.