04/04/2011
Tadawul index dips 0.09 percent to close at 6,616.57
Saudi Arabia's index eased from Saturday's seven-week peak, but further gains are forecast with petrochemical and banking sectors seen as the main boost.
The Tadawul All-Share Index (TASI) fell 0.09 percent to close at 6,616.57 on Sunday. The sector activity for the day was mixed with 9 out of 15 sectors recorded gains ranging from 0.04 percent by the Petrochemical Industries sector to 1.67 percent by the Multi- Investment sector.
The overall market breadth for the day was positive with 76 advancers against 43 decliners giving it an AD ratio of 1.76. the Financial Transaction House (FTH) — licensed by the Capital Market Authority — said in its daily market commentary.
The stock market turnover for the day reached SR4.77 billion.
Heavyweight lender Al-Rajhi Bank rose 0.7 percent, but Riyad Bank slipped 0.8 percent.
