28/07/2010
Tadawul index approaching the 6300-points
Transactions values fail to overcome the 3 billion
Saudi Arabia's Tadawul All-Share Index (TASI) climbed 0.93 percent to 6,274.95 - its highest close since June 28. Volumes also hit a month high. The sector activity was positively biased with all sectors closing with gains except the Insurance sector closing with a minor loss of 0.32 percent.
The gaining sectors for the day however ranged from 0.08 percent by the Transport sector to 2.59 percent by the Media & Publishing sector. The overall market breadth for the day was also positive with 104 advancers against 22 decliners giving it an AD ratio of 4.72, the Financial Transaction House (FTH) said in its daily market commentary.
Al-Rajhi Bank rose 1.6 percent; Saudi Electricity Co. added 1.5 percent and Rabigh Refining and Petrochemical Co. gained 2.4 percent.
Sharek shares headed the top gainers list up by 7.41% and 6.74% by Tasnee ,followed by Al Muwasat with 5.07% and Research and Marketing shares by 4.63%.
Khalejiyah shares of the insurance sector with down by 10% followed by Solidarity share Takaful by 3.60%, and then Burooj by 2.53%.
Al Inma shares ranked in the first place among other shares with 32.3 million shares, and Saudi Electricity more than 14.5 million shares, Zain Saudi Arabia about 14.4 million shares.
