09/11/2010
TASI dives for second day
Late selling condemned Saudi Arabia’s index to a second straight decline.
Saudi Basic Industries Corp. (SABIC) fell 0.5 percent, Samba Financial Group lost 0.8 percent and Yanbu National Petrochemical Co.’s (Yansab) dropped 0.9 percent.
The Tadawul All-Share Index (TASI) closed at 6,431.18 points after gaining 5.03 points; a drop of 0.08 percent. The sector activity for the day was mostly negative with six gaining sectors against nine losing sectors.
The gaining sectors ranged from 0.04 percent by the hotel and tourism sector to 0.92 percent by the energy and utilities sector. On the other hand the losing sectors for the day ranged from -0.04 percent by the petrochemical industries sector to -1.47 percent by the transport sector.
The overall market breadth for the day was negative with 43 advancers against 74 decliners giving it an AD ratio of 0.58. The liquidity for the day reached SR3.34 billion, the Financial Transaction House said in its daily market commentary.
