Tadawul turnover exceeds SR10.4 billion


20/02/2012 07:17 AST

The Saudi Stock market witnessed a bullish trend on Sunday as the Tadawul All-Share Index (TASI) added 39.65 points further to close at 6,869.95 levels. TASI earlier hit 6,813.32 points intra-day low level but later the market witnessed some buying interests, and the index moved into the green zone to hit 6,872.40 points and finally closed near this intra-day high level. On a year-to-date basis TASI crossed a positive return of 7 percent.

General perception of the market participants remained positive; total equity turnover at Tadawul increased to SR10.4 billion compared to SR8.9 billion on the previous day, a growth of 15.8 percent. Approximately 445 million shares changed hands, a 25.4 percent increase over its previous daily volume. More than 213,000 transactions took place during the day, an increase of 14.7 percent.

The heavyweight SABIC (Saudi Basic Industries Corp.) and NAMA Chemicals appeared to be the most active stocks of the day. A turnover of more than SR559 million was accumulated by SABIC. While, NAMA became the volume leader as it's more than 30.6 million shares were traded during the day.

Sector indices at Saudi stock market ended the day with modest gains. Hotel & Tourism moved up 2.75 percent or 195.22 points to end at 7,292.61. Only three sectors including Agriculture & Food Industries - the worst performer (down 0.27 percent) could not manage to stage for a gain.

Out of total 149 scrips traded, 86 scrips advanced, 46 declined and 17 remained unchanged. Tourism Enterprise Co. and METHANOL Chemicals Company (CHEMANOL) were key gainers amongst all Saudi stocks. Prices of both rallied to a maximum growth of 10 percent and 9.89 percent respectively. Perhaps, buying intensified after the news that CHEMANOL had recorded substantial yearly gains. It declared an audited net profit of SR70.21 million for financial year 2011 compared with SR6.04 million in 2010, representing an impressive growth of 1,062 percent. Earnings per share amounted to SR0.58 as compared to SR0.05 of the previous year.

On the other hand, Weqaya Takaful insurance became the biggest loser of the day, down by 3.3 percent over its previous close price.

On Saturday, board of directors of Saudi Pharmaceutical Indus. & Medical Appliances Corp. (SPIMACO) announced a recommended cash dividend of SR156.9 million (SR2 per share) for the year 2011.

Herfy Food Services Company (Herfy) announced its annual audited financial results; it achieved a net profit of SR146.6 million for the year ended Dec. 31, 2011, exceeding the previous year's net profit by 17.9 percent.

All benchmark indices at GCC stock markets ended the day in green. DFM index performed relatively well, dug in at 1,571.09 and finished the day up over 3.63 percent. Kuwait grabbed 43.6 percent turnover among all GCC countries.

Tadawul ranked second which showed a 24.3 percent relative market share on volume basis. GulfBase GCC index closed at 3,908.33 points, reflecting a growth of 0.77 percent from its previous day's level.

Arab News
Market News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 66.56 4,676,476
SAGRINSURANCE 27.17 542,614
ALMARAI 69.87 205,631
TAWUNIYA 75 88,405
APPC 35.19 463,494
SPIMACO 27.49 121,474
JULPHAR 2.5
Recent News

Kingdom witnesses one IPO in Q4 raising $101 million
The final quarter (Q4) of 2015 echoed the sluggish initial public offering (IPO) performance in Q3 proving that 2015 was a volatile year for IPOs in the Gulf Cooperation Council (GCC).

The

Riffa Views project work is on track
The work was in full swing to complete the building of 61 villas at the Riffa Views’ Parks Estate, the Poullaides Construction Company announced yesterday.

It expressed commitment to the s

Qatar economy sustainable long-term but faces short-term challenges
Dr. R. Seetharaman, Group CEO of Doha Bank invited the Guests of Honour at the function. The Ambassadors and Embassy attaches of Japan, UK, India, Singapore, Mexico, Kenya and Canada respectively par

MSM rebounds after across the board buying
On the back of improvement in oil prices, the Muscat Securities Market made substantial gains last week with the benchmark index reaching 5,240.49 points. Across the board buying was witnessed as re

Oman’s Madinat Al Irfan project to contribute $1.5 bn to GDP
The Madinat Al Irfan Urban Development Project, which will create a new downtown area for the capital governorate of Oman, is expected to contribute an estimated $1.4 billion — $1.6 billion to the Gr

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

Poll

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