Tadawul records moderate gains

After three days of decline, Saudi stock market recorded moderate gains yesterday. The Tadawul All-Share Index (TASI) ended the day in the green at 6,628.26 points, up 39.45 points or 0.60 percent, from its previous day close at 6,588.81 points. Its trading range expanded to 82 points for the day. Micro Cap performed well among the market cap indices, advancing over two percent. Thirteen out of the 15 sectors led by Multi-Investment (+2.7 percent) ended with modest gains on Wednesday while Cement and Energy slipped into the red, both losing 81 points for the day. Advances outnumbered the decliners by a margin of 110 to 35 and the prices of 10 companies remained unchanged. Saudi Industrial Development and National Agriculture Marketing showing notable gains of 9.8 percent became the top performers amongst all Saudi stocks. On the other hand, the biggest loser of the day was Arabian Cement (down 7.4 percent). Most of heavy weights closed in green, with Samba Financial Group surging by 2.5 percent, SABB 2.48 percent and Mobily 1.5 percent. However, Al-Rajhi Bank continued its downward fall for the second straight day, declining by 1.04 percent further. Share trading activity remained low, as Tadawul volume went down 17 percent further and traded 238 million shares as compared to previous day's 287 million shares. Dar Alarkan Real Estate regained its leading position yesterday. It's more than 52.8 million shares worth SR 465.8 million were transacted which reflected a relative market share of 22.2 percent in terms of volume and 9.3 percent in terms of value. From arabnews