GulfBase Live Support
02/11/2014 21:38 AST
The Saudi stock market bucked the prevailing 4-day negative trend and turned green on Sunday.
The benchmark Tadawul All-Share Index (TASI) jumped 1.37 percent just after the opening bell and finally achieved 64 points or 0.64 percent, closing the session at 10,099.27.
Sectoral performance was positive, with 12 sectors accumulating an aggregate of 900 points.
Media and Publishing sector dominated the performance at Tadawul, advancing 1.87 percent to close at 2,549.04.
Insurance was another key gaining sector, growing by 1.68 percent. On the other hand, Multi-Investment with 0.2 percent negative change became the major declining sector.
The total number of rising stocks exceeded to the total number of falling stocks by a huge margin of 125 to 26.
Basic Chemical Industries and Saudi Printing Company showed a tremendous performance among all Saudi stocks, marching higher by 7.15 percent and 6.68 percent respectively.
Major heavy weights also rose from previous day’s level, with Saudi British Bank outdid rest of its peers, advancing 2.2 percent to SR58.50. The market leader SABIC (Saudi Basic Industries Corp.) closed up 0.56 percent to SR111.52.
Market activity was a little low for the day; roughly 170 million shares worth SR5.8 billion were liquidated at Tadawul. This turnover reflects a daily decrease of 16.8 percent on volume basis and 10.4 percent in terms of liquidity.
The 50-day average for trading volume is closer to 280 million shares.
Again Alinma Bank topped the volume chart, liquidating 20.5 million shares and capturing twelve percent of the overall market volume.
While, Al Rajhi Bank pumping a liquidity of SR563 million remained the most liquid stock for the day, closing at SR66.75.
GulfBase.com
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News