Tadawul index rises slightly

Saudi stocks hovered in small gains and losses on the last trading day of the week, almost a repeat of previous day's flat performance, which turned slightly positive and the day ended in green. The Tadawul All-Share Index (TASI) started a sideways walk along the break even line earlier yesterday, reflecting a narrow trading range (21 points) ended at 7,139.01, up 1.2 points or .02 percent for the entire day. On Year-to-date basis TASI has registered a positive return of 11.24 percent. Most of the major sectors closed in the green territory with Multi-Investment sector remained at top reflecting a growth of 3.29 percent for the day. Media and Publishing sector added roughly 89 points or 2.94 percent to close at 3,107.58, ranked second. Only four sectors traded in the negative territory, trimming an aggregate of 133 points. The market breadth was almost balanced with 63 issues witnessing advances against 65 issues recording declines. The heavy weight Kingdom Holding shares jumped 9.83 percent, occupying the top position among Saudi stocks. Saudi Printing & Packaging followed it, advancing 9.34 percent for the day. The company has showed a tremendous performance, achieving a MTD return of 33 percent and a handsome yield of 96 percent since the start of 2012. From : Arabnews