Middle East Forex, FX | Saudi Arabia Forex | Qatar Forex | UAE Dubai Abu Dhabi Forex | Kuwait Forex | Bahrain Forex - Tadawul sustains upward march
Middle East Forex - Home Page
                Abu Dhabi,  Jul 29, 14:41

      HOME         FOREX NEWS         CURRENCY PAIR TECHNICAL INDICATORS         DAILY MARKET COMMENTARY         أعمال الشرق الأوسط         مراجعة شرق أوسطية
     Gulf Economy
Tadawul sustains upward march
26/03/2012 05:43:17 AM GMT 

By ARAB NEWS Published: Mar 26, 2012 00:57 Updated: Mar 26, 2012 00:58

JEDDAH: Saudi equities sustained its upward march yesterday and closed the day with impressive gains.

The Tadawul All-Share Index (TASI) extended another 83.05 points (1.08 percent) on the second trading day of the week.

It opened at 7,675.61 points, which proved to be the intra-day low and closed at 7,758.66 points.

Overall performance of sectoral indices remained positive. The cement sector was on top, showing a daily growth of 4.26 percent to close at 6,134.44 points.

It was followed by hotel and tourism, which added 232.57 points, an increase of 3.14 percent.

The banks and financial services sector added considerable 312.41 points (1.81 percent) and closed at 17,600.82.

The insurance sector remained as the worst performing sector, down 0.44 percent and closed at 1,333.48 points.

Market participants responded positively as turnover at Tadawul went up by 18.7 percent to 823 million shares; its total liquidity of SR 16.58 billion increased by 15 percent over the previous trading day.

Market breadth was positive, whereby 83 symbols closed in green and 53 closed in red, while 11 remained unchanged.

Atheeb Telecom, Enaya Insurance and Hail Cement dominated the performance in Saudi stock market; gaining a percentage of 9.93, 9.89 and 9.76 respectively.

While Almutakamela and Allianz SF were the worst performers, declining by 9.97 and 9.79 percent and closed at SR 34.30 and SR 94.50 respectively.

Among large cap stocks; SAMBA Financial Group surged by 3.34 percent and closed at SR54.00, followed by Al-Rajhi Bank and Riyad Bank which added 2.24 and 1.18 percent respectively, while SABIC slipped 0.24 percent, to close at SR 106.75.

Saudi Mobile Telecommunications Co. (ZAIN) with the volume of 192 million shares came out as the most active stock of the day, representing a 23.31 percent market share.

ZAIN also topped the chart of most active script by value traded with SR 2.175 billion and grabbed a 13.12 percent market share.

Reproduced with permission from Arab News Source: Arab News

     Article tools
Printable version
E-mail this to a friend

     Top Forex News
GCC equities shed $21b in Q2
GCC to launch consumer protection body in 2016
Capturing SME sector critical for GCC banks to remain competitive
Deloitte: Family-owned businesses make up largest sector of GCC economy
'Need for research in GCC intensifies'

     Top Regional Business News (Ar)
قاض أمريكي يوقع أمرا بمصادرة شحنة نفطة كردية قبالة تكساس
الأسهم الأوروبية تنتعش بفضل نتائج الشركات
صعود المؤشر نيكي 0.23 % في بداية التعامل بطوكيو
أسهم أمريكا تغلق دون تغير يذكر
الذهب يستقر مع ترقب المستثمرين لبيانات أمريكية

     Top Regional News (Ar)

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this Web site does not constitute advice or a recommendation by Middle East Forex and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Web site.

In no event shall Middle East Forex be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the Middle East Forex Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.

For eny enquiries, please Contact Us.