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 | SEP
Most Viewed Companies
Ticker Price Volume
SPIMACO 51.23 845,651
WALAA 34.43 1,299,748
EMAAR 11.8 37,056,460
JULPHAR 3.02 1,713
EEC 91.16 2,158,088
RIBL 21.39 1,138,692
SECO 17.69 2,524,248
Recent News

SABIC potential leader in emerging markets
A total of six global challengers from the Middle East are part of the Boston Consulting Group (BCG) 2014 list of 100 Global Challengers, an improvement from only four in last year’s list. Included i

UAE CB holds workshop on implementing FATF
The Central Bank of the UAE has recently held a workshop at the Central Bank branch in Dubai on “The Implementation of Forty Recommendations of the Financial Action Task Force (FATF) of 2012”.
<

Qatar 2nd attractive in world for infrastructure spending
Qatar is the second most attractive market in the world for investment in infrastructure, according to EC Harris, a global built asset consultancy firm.

The country ranked second globally

ACHEMA: A platform for transfer of German tech know-how to Kingdom
Ahead of the upcoming world’s leading show for the chemical engineering and process industry “ACHEMA” which will take place in Frankfurt on June 15-19, 2015, Dr. Thomas Scheuring, Chief Executive Of

UAE 3rd top world market for investment
The UAE is the third most attractive market in the world for investment in infrastructure, according to EC Harris, the global asset consultancy company.

The UAE ranked third globally and

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?