04/01/2011
(TASI) edging higher by 0.31 percent at 6,676.66 points
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The Tadawul All-Share Index (TASI) edged higher by 0.31 percent at 6,676.66 points. The sector activity for the day was mostly positive with 11 out 15 closing with gains ranging from 0.05 percent by the Media and Publishing sector to 1.42 percent by the Multi-Investment sector, in addition the Hotel & Tourism had no changes.
On the other hand the losing sectors ranged from 0.06 percent by the Banks & Financial Services sector to 0.69 percent by the Transport.
The overall market breadth for the day was positive with 74 advancers against 43 decliners giving it an AD ratio of 1.72, the Financial Transaction House (FTH) said in its daily market commentary. The liquidity for the day reached SR3.38 billion.
Mohammad Al Mojil Group shares jumped 4.7 percent after saying it signed a $52.5 million contract with South Korea's Hyundai Engineering and Construction Co. to build an engine oil factory in Abu Dhabi.But Shuaa Capital warned of possible difficulties ahead for Mojil, saying new contracts were coming in slower than expected.
