GulfBase Live Support
06/07/2009 00:00 AST
Lack of inputs and a lacklustre trading session pulled Saudi Arabias Tasi index down by 1.63% to 5,407.31 points. The insurance sector index plummeted 5.15%. According to a report in the UAE daily The National, Islamic insurance (Takaful) operators face increasing problems in finding a Re-Takaful operator due to growth rates above 25% p. a. Shares of Yanbu Cement closed 0.46% lower at SR48. Kuwaits Global Investment House reiterated its buy-rating for Yanbu Cement, saying that the current P/E-ratio of 8.9 is cheap and that the stock has an upside potential of 65%. Only the Hotel and Tourism segment emerged as a gainer (2.67% higher) in Riyadh. The Kingdom is currently investing SR 1.25bn in order to boost religious tourism.
AME Info
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
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