JEDDAH : ARAB NEWSThe Saudi stock market turned green on Tuesday, achieving 0.32 percent growth for the day. The benchmark Tadawul All-Share Index (TASI) dug in at 8,412.32 and ended its trading up over 27 points. It wavered within a trading range of 35.2 points. Sectoral indices performed in a mixed fashion, with six sectors accumulating an aggregate of 536.3 points and nine six sectors trimming 147.5 points collectively. Banks & Financial Services sector posted the biggest gains among sectoral indices, surging 1.3 percent or 223 points to close at 17,867.80. Energy & Utilities sector followed it, adding more than one percent. On the other hand, Multi-Investment came out as the biggest decliner, shedding exactly one percent and closing at 4,213.61. Declining stocks outnumbered advancers on the Tadawul market; as for 37 percent stocks that gained, 49 percent ended lower and 14 percent remained unchanged. Amana Cooperative Insurance turned in a splendid performance among all Saudi stocks, soaring up SR 4.0 or 9.83 percent to close the day at SR 44.7. The Saudi Investment Bank was another significant advancer, rising by 8.55 percent. On the other side of the spectrum, Saudi Arabia Refineries Co. suffered the greatest amount of damages, turning down 4.72 percent or SR3.0. Market activity remained a little high as compared to previous day; turnover went up by 44 percent on volume basis and 36.7 percent in terms of liquidity. Tadawul volume set sold approximately 250 million shares, the value of which is equal to SR 6.7 billion. Most of the trading was concentrated in Rabigh Refining and Petrochemical Co. with 25.1 million shares, capturing 10 percent of market volume. It also maintained a heavy flow of liquidity SR569 million, a relative market share of 8.5 percent. The company surged 5.3 percent for the day, closing at SR22.9.
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