Large caps support Tadawul’s surge


28/02/2014 06:23 AST  GulfBase.com

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.

Market News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG
Most Viewed Companies
Ticker Price Volume
RIBL 21.76 4,868,384
BURUJ 53.64 373,618
SECO 17.01 3,620,546
SPIMACO 51.19 1,142,906
WALAA 31.52 1,892,004
EEC 89 1,812,626
MESC 16.97 3,676,717
Recent News

Saudi Arabia debuting at World Travel Market
World Travel Market, the leading global event for the travel industry, is delighted to welcome representation from Saudi Arabia onto the exhibition floor for the first time this year, as the Saudi go

Kingdom imports 3m tons of cement in 9 months
Saudi Arabia imported some 3.1 million tons of cement in the past nine months valued at SR 750 million, according to a financial report quoting data released by Customs Department.

The rise

Foreign ownership cap ‘will not stall Tadawul surge’
Saudi Arabia’s stock exchange, which has gained nearly 25 percent so far this year, is likely to rise further in 2014, benefiting from the upcoming budget expectations in addition to annual dividend

Dubai’s realty sector witnesses growth
The momentum in Dubai’s real estate sector has been witnessing acceleration with the every passing day as developers announcing a wide range of real estate projects to target different segments of th

MSM index ends higher
Buying interest in Renaissance Services pushed the index higher at 7340.29 points, up by 0.26 per cent. MSM Shariah Index closed at 1070.88 points, down by 0.14 per cent. Renaissance Services was the

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

Poll

Which of the following do you think is the best long-term investment?