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Article: Tadawul index ends 7-day losing streak.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- September 6, 2009
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JEDDAH: After seven consecutive negative trading sessions, the Saudi stock market has managed to open on a positive note for the week with market-heavyweight Saudi Basic Industries Corp. (SABIC) registering gains.
The Tadawul All-Share Index (TASI) closed 0.95 percent higher at 5,670.92 points. Almost all sectors closed with positive gains, ranging from 0.10 percent by the Energy & Utilities sector to 3.83 percent by the Hotel & Tourism sector, except the Cement sector which closed with a minimal loss of 0.02 percent. Market breadth remained positive with 106 advancers and 17 decliners giving an AD ratio of 6.23, the Jeddah-based Financial Transaction House (FTH) ...