Large caps support Tadawul’s surge


28/02/2014 06:23 AST

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

The Tadawul All-Share Index (TASI) closed up 48 points or 0.53 percent to 9,106.55, after being up as much as 53.2 points.

TASI’s year-to-date collection reached over 570 points or 6.69 percent on Thursday. Large cap with 0.7 percent upward jump remained prominent among the market cap indices. Thirteen out of Tadawul’s 15 sectors ended the day with modest gains, accumulating an aggregate of 600 points roughly.

Multi-Investment outdid rest of the Saudi sectors, which marginally increased by one and half percent to 4,307.15 points.

The Banks and Financial Services sector added considerable 213 points, up 1.12 percent to close at 19,257.45. Arab National Bank and large cap Samba Financial Group were key gainers in this sector, turning up by 3.77 percent and 2.75 percent respectively.

Only Agriculture and Insurance sectors could not manage for gains, going down slightly by 0.34 percent and 0.15 percent respectively.

A considerable amount of turnover 264 million shares worth SR7.5 billion changed hands on the Saudi stock market.

This turnover reflects an increase of 13 percent on volume basis and 18.5 percent in terms of liquidity over the 50-day average levels.

Dar Alarkan Real Estate appeared to be the most active stock of the day, liquidating 31.9 million shares, which equates 12 percent of overall market volume.

Advancing stocks outnumbered decliners by a margin of 79 to 56 and the prices of 24 companies remained unchanged.

Southern Province Cement Co. and Saudi Indian Company for Co-operative Insurance showed the best performance among all Saudi stocks, achieving a daily growth of 4.71 percent and 4.46 percent respectively.

Kingdom holding made the biggest jump among heavyweight equities, surging over four percent and closing at SR23.25.

GulfBase.com
Market News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG
Most Viewed Companies
Ticker Price Volume
GFH 0.5 420,000
QNBK 135 81,525
DANA 0.67 50,123,697
SABIC 98.6 1,941,498
BKSB 0.14 131,375
ALINMA 16.48 16,115,029
EEC 18 459,427
Recent News

CMA approved public offering of Alinma Makkah Real Estate Fund
The CMA has issued its resolution approving the public offer, by "Alinma Investment Company", of "Alinma Makkah Real Estate Fund ".

An Investment decision without reading the Terms and Cond

GCC project awards to stay steady at $117bn this year
The total value of contract awards in the GCC projects market this year is expected to stay steady at $117 billion compared to last year, a report said.

The GCC projects market had a mute

No ban on Qatari riyal exchange, Saudi says
Saudi Arabia’s central bank said on Sunday it has not banned trading in the Qatari riyal after the country severed diplomatic ties with Doha more than two months ago and clarified that visiting Qata

Saudi Arabia’s stocks rise for third day on Al Rajhi gains
Stocks in Saudi Arabia, the region’s biggest equity market, rose for a third day boosted by gains in the kingdom’s largest lender by market capitalisation.

Benchmark indexes in other GCC m

Dana Gas moves to lift court injunction in sukuk case
Dana Gas, a Sharjah-based oil and gas exploration firm, has filed an application with the emirate’s Federal First Instance Court to lift an injunction, protecting it against claims related to its US$

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?