Author: 
ARAB NEWS
Publication Date: 
Sun, 2012-03-25 00:40

The Tadawul All-Share Index (TASI) while moving diagonal in the north throughout the day closed at 7,675.61, up 135.34 points or 1.79 percent for the day. On Year-to-date basis, it showed a yield of 19.60 percent.
All market cap indices traded in the positive zone, with Med cap up by 2.88 percent.
Sectoral performance was tremendous, as all sectors closed in green and accumulated nearly 1,400 points.
Real Estate Development which performed worst for the previous couple of days came out at top and posted 5.9 percent positive change. It was followed by Multi-Investment, up 3 percent. Banks & Financial Services sector also added considerable 427 points to close at 17,288.41.
Top 10 market cap companies closed the day in green territory. Kingdom Holding Co. retrieved the losses of previous two days and appeared at top among heavy weights, up 6.07 percent for the day.
The trading activity remained roughly 20 percent lower than that of Wednesday. More than 693.6 million shares worth SR14.4 billion changed hands on the Saudi stock market.
Mobile Telecommunications Company (Zain) with a volume of 144.2 million shares continued to dominate the trading activity for the second consecutive trading day on Saturday. It again captured 21 percent of the total volume set sold at Tadawul.
Furthermore, Alinma Bank was the most active stock on value basis which recorded a turnover of SR1.93 billion.
There were 112 net advancing issues, a largely strong market breadth.
In accordance with the CMA resolution lifting the suspension of trading the Etihad Atheeb Telecommunication's shares dated March 14, 2012, the company's shares restarted trading on Tadawul yesterday. It advanced over 75.48 percent for the day to close at SR13.60.
Dar Al-Arkan Real Estate and Mobile Telecommunications Company (ZAIN) were key gainers among all Saudi stocks. Prices of both rallied to a maximum growth of 10 percent to close at SR13.20 and SR11 respectively.
On the other hand, Saudi Integrated Telecom performed worst for the second consecutive trading day, down 9.93 percent.

old inpro: 
Taxonomy upgrade extras: