Insurance sector advances 1.33%

The Saudi stock market marked its fourth consecutive gain yesterday. The Tadawul All-Share Index (TASI) closed higher at 6,732.46 points. It added further 24.44 points or 0.36 percent and spiked above the previous closing at 6,708.01 levels. However, the index traded within a narrow range of 31.25 points yesterday. Its year-to-date gains again reached to roughly 5 percent. All market cap indices traded in the positive territory. Twelve sector indices at Saudi stock market ended the day with modest gains, accumulating nearly 337 points jointly. Again three sectors including Banks & Financial Services went downward, trimming an aggregate of 38.2 points. Insurance sector stepped up to occupy the top position at Tadawul, advancing 1.33 percent further to close at 1,436.69. Cement and Media sectors followed it, showing more than one percent positive change. Advancing stocks outnumbered decliners by a margin of 90 to 52 and the prices of 13 companies remained unchanged. Saudi Industrial Export turned in a splendid performance among all Saudi stocks, soaring up 9.7 percent to close the day at SR 71. Heavy weights closed in mixed fashion, where Al-Rajhi Bank and Etihad Etisalat Co. (Mobily) rose 0.3 percent and SABB fell 1.93 percent for the day. Dar Alarkan Real Estate continued its leading position and remained the most active stock of the day. Its volume set sold about 39.2 million shares, which equates 17.3 percent of the overall market volume. From : Arabnews