By Majid Al-Shabib
Riyadh-Mubasher: Tadawul All-Share Index (TASI) climbed as much as 2.4% or 133 points to close Monday at the 5,691 level.
Liquidity declined slightly to SAR 5.18 billion, after 306 million shares changed hands through 137,000 transactions.
The banking sector dominated the biggest portion of Monday’s liquidity, or 22% representing SAR 1.1 billion. The petrochemical industry sector accounted for 17% (SAR 889 million), while the real estate development captured 13% (SAR 694 million).
Most Asian stocks rose on Monday, while Shanghai was the sole faller on negative economic data.
China’s exports declined by 6.6% year-on-year in January, and imports fell 14.4%, according to the data released by the National Bureau of Statistics of China.
Tadawul’s sectors rose across the board, topped by the media and hotels which soared 9.8% and 5.5%, respectively. The insurance came third with a gain of 4.8%.
Wrapping up stocks, gainers outnumbered losers 158 to 6. SABB Takaful led the way in gains, rocketing 10% to SAR 20.35, followed by Anaam which surged 9.87% to SAR 16.70. Meanwhile, Arabian Cement was the big drag, falling 1.76% to SAR 44.70. Mouwasat had the second-worst showing, edging down 0.71% to SAR 108.75.
Translated by Abdul Maguid Aboshahla
