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.
Market News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive

Most Viewed Companies
Ticker Price Volume
STC 67.66 440,643
SAGRINSURANCE 31.41 724,533
RIBL 12.54 519,519
SABIC 89.82 6,416,421
ALMARAI 79.2 271,141
EEC 31.49 1,418,989
Recent News

Bahrain tops Arab world in developing ICT sector
Bahrain has been awarded the top rank in the Arab world for information and communications technology (ICT) development by the International Telecommunications Union (ITU).

The kingdom ra

Opportunities focus of Zain conference
Demand for mobility, broadband, virtualisation, cloud-based services and enhanced customer experience are drivers for transformation in information and communications technology, experts have said.<

BisB shares offer fully subscribed
A rights offer of shares by Bahrain Islamic Bank (BisB) that ended on Sunday was fully subscribed, the bank has announced.

Under a capital increase plan, the bank offered 170,940,171 ordin

GIB’s ratings affirmed by Moody’s and Fitch
International credit rating agencies Moody’s and Fitch have affirmed Bahrain-based Gulf International Bank’s (GIB) credit ratings.

Fitch affirmed GIB’s long-term credit rating at ‘A’ wi

Gender equality ‘could add $13trn to global economy’
Gender equality could add $13 trillion to the global economy, according to Deutsche Bank Group global head of diversity and inclusion Guelabatin Sun.

She said that studies have shown that

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


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