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Saudi Arabia: Tourism, agriculture stocks stay in limelight

The Saudi stock market ended Thursday’s trading session solidly in the green. 

The Tadawul All-Share Index closed up 86.75 points or 0.95 percent to 9,251.19, after being up as much as 1.37 percent.

On year-to-date basis, the TASI crossed a positive return of 11 percent. Again Large cap (+1.23 percent) outdid rest of the market cap indices, the GulfBase said in its market commentary.

Most of the major sectors closed in the green territory, accumulating an aggregate of 1,384.16 points. Tourism and Agriculture posted the biggest gains among sectoral indices, marching higher by 2.43 percent and 2.15 percent respectively. 

Banks and Financial Services sector added more than one and half percent to close at 20,783.79.

Samba Financial Group showed the best performance among big players, rising 2.66 percent to SR28.5. National Commercial Bank (NCB), the kingdom’s biggest lender, grew 2.3 percent.

Petrochemicals giant Saudi Basic Industries (SABIC) rose 2.29 percent to SR87.2. Advancing stocks outnumbered decliners by a margin of 86 to 67 and the prices of 9 companies remained unchanged.

Tadawul daily volume remained nearly unchanged from its previous level of 348 million shares.Source: arabnews