Riyadh's Tasi composite closed 0.66% higher at 6,241.10 points on Sunday, hence the Tadawul bourse continued its advance but lost some steam from Saturday when it surged over two percent as the retail sector and building segment posted moderate losses. Shares of Bank Albilad ended 0.47% lower at SR21.15. The bank reported a second quarter profit of SR32.8m against SR26.9m on a year-on-year basis, up 22% as it was reaping benefits from its proactive investment policy and a higher client base, the firm said in a statement. Saudi Ceramic Company (down 3.85% at SR131.25) posted the largest decline on Sunday although the firm increased its second quarter profits by 11% to SR57.9m. Saudi Ceramic wrote in a statement that it managed to increase production and sales.
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