Sunday, February 17, 2013

Tadawul keeps upward momentum


The Saudi stock market continued its positive movement, marking another gain of 0.35 percent yesterday.

The Tadawul All-Share Index (TASI) jumped into the green territory earlier yesterday and spending entire session in the same region closed higher at 7,087.82 points, up nearly 25 points from its previous close.

On an YTD basis, TASI registered a positive return of 286.6 points or 4.21 percent. All market cap indices also showed modest gains.

Sectoral performance was tremendous, as 13 out of the 15 sectors closed in the upward territory, accumulating an aggregate of 375.5 points.

Tourism and Multi-Investment were best performing sectors of the day, advancing 1.44 percent and 1.35 percent respectively.

Read more: http://www.gulfbase.com/news/tadawul-keeps-upward-momentum/229362

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