Tadawul shows positive movement

The Saudi stock market showed a positive movement yesterday, as Tadawul All-Share Index (TASI) wavering in the North-South regions, closed 32.13 points or 0.47 percent higher at 6,839.83 points. The index went 53.5 points above and 22 points below the break-even line during the day. All market cap indices ended the day in the upward district. Eleven out of Tadawul’s fifteen sectors ended the day in green territory, accumulating an aggregate of 287 points. Petrochemical Industries sector remained at top showing an increase of 1.34 percent to 5,939.00 from 5,860.69. Insurance sector followed it, advancing by 1.17 percent. On the other hand, Media and Publishing counterbalanced, minimizing intra-day gains by shedding 2.57 percent. Advancing stocks outnumbered decliners by a margin of 80 to 53 and the prices of 21 companies remained unchanged. Most of heavyweights closed in green, with market leader SABIC (Saudi Basic Industries Corp.) surging by 2.24 percent, Kingdom Holding 1.76 percent and Saudi Telecom Co. 1.27 percent. Among all Saudi equities, Gulf General Insurance made the biggest jump for the second straight day, surging 9.96 percent further to close at SR 77.25. Saudi Mobile Telecom-munications Co. (Zain) became the most active stock of the day, which liquidated more than 30.7 million shares, capturing 15.5 percent of the overall market volume. But the company fell down to SR 10.25, topping the loser chart with 4.66 percent negative change. Arab news