Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Real Estate sector up over 5% in a week  Join our daily free Newsletter

MENAFN - Arab News - 15/06/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi Arabia's benchmark stock index continued its upward march for the fourth straight week, advancing 0.14 percent further.

Despite closing lower for three days during the week, the Tadawul All-Share Index (TASI) dug in at 7,623.89 and finished the week slightly up 10.54 points from its previous weekend close at 7,613.35 points. However, its weekly trading range narrowed to 112 points as compared to previous week's 267 points.

On year-to-date basis, the index showed a collection of 822.67 points or 12.1 percent.

Total market capitalization of Saudi stock exchange remained nearly unchanged from its previous level of SR 1.53 trillion.

Among market cap indices only large cap went slightly downward for the week. Saudi Telecom Co., SABB and Samba Financial Group recorded the biggest losses amongst large caps, going down by 4.21 percent, 2.5 percent and 2.43 percent respectively.

On the positive side, Kingdom Holding Co., and Riyad Bank managed for a weekly gain, surging by 5.88 percent and 1.21 percent respectively.
Sector indices performed in a mixed fashion last week, with eight sectors accumulating an aggregate of 786.5 points and seven sectors paring 230 points collectively.

Real Estate Development made the biggest jump among sectoral indices, posting a solid growth over five percent to 4,599.7. Multi-Investment and Tourism sectors followed it, advancing by 3.8 percent and 2.34 percent respectively.

Weekly market breadth remained favorable as the total number of rising stocks exceeded to the total number of falling stocks by a margin of 92 to 56.
Allianz Saudi Fransi Cooperative Insurance outdid rest of the Saudi equities, marching higher by SR 13.75 or 18.46 percent to close the week at SR 88.25.
While, Tabouk Cement showing excessive losses of 9.12 percent became the major decliner for the second consecutive week.

Furthermore, upside-downside volume ratio of 3.9:1 remained positive. Dar Alarkan Real Estate, Mobile Telecommunications Company (Zain) and Emaar the Economic City remained significant advancers among the most active stocks, moving up by 7.65 percent, 5.67 percent and 5.08 percent respectively.

Zain with a turnover of 199.4 million shares continued its most active status, achieving a relative market share of 15 percent.

Most of the major benchmark indices at GCC stock markets ended the week in green, with Qatar Exchange rose over two percent.

The benchmark GulfBase GCC General Index closed the week higher at 4,475.84 points level, adding roughly 8 points or 0.18 percent for the entire week.

 


Arab News




  MENA News Headlines
 Dec 19 2014 - Iraq to defer war reparations to Kuwait for a year, says UNThe Peninsula
(MENAFN - The Peninsula)  Iraq can delay payment of a final $4.6bn in war reparations for its 1990 invasion of Kuwait because of the difficulties it faces in battling the Islamic State insurgency, ...

 Dec 19 2014 - Qatar- Leaders attend National Day paradeThe Peninsula
(MENAFN - The Peninsula)  Patriotic fervour was at its zenith as the Emir H H Sheikh Tamim bin Hamad Al Thani and the Father Emir H H Sheikh Hamad bin Khalifa Al Thani walked into the crowds and ...

 Dec 19 2014 - First Qatari reaches South Pole, hoists flag to mark National DayThe Peninsula
(MENAFN - The Peninsula)  Reach Out To Asia (ROTA) Ambassador Sheikh Mohammed bin Abdullah Al Thani became the first Qatari to reach the South Pole, where he hoisted a flag to commemorate National ...

 Dec 19 2014 - Kellogg outbids Abraaj for third time in race for Egypt's BiscoThe Peninsula
(MENAFN - The Peninsula)   Breakfast cereal maker Kellogg Co has again raised its bid for Egyptian snack maker Bisco Misr, outbidding private equity group Abraaj for the third time and snatching the ...

 Dec 19 2014 - Impossible for Saudi to reduce oil output: MinisterThe Peninsula
(MENAFN - The Peninsula)  Leading Opec producer Saudi Arabia said yesterday that competitive pressures prevent it from reducing output, and the kingdom can weather plunging oil prices.Oil Minister ...

 Dec 19 2014 - Qatar- Tower rents to face pressure on new supplyThe Peninsula
(MENAFN - The Peninsula)  Qatar's office and residential rental markets remained strong during the third quarter of 2014 (Q3, 14). Offices recorded high rates across locations, with robust demand at ...

 Dec 19 2014 - Oil resumes slide after brief rebound on short-coveringThe Peninsula
(MENAFN - The Peninsula)  Global crude prices fell again yesterday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a ...

 Dec 19 2014 - Algeria, France to enhance security cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Algerian Minister of Interior and Local Governments Tayeb Belaiz met his French counterpart Bernard Cazeneuve here on Thursday to discuss security ...

 Dec 19 2014 - Arab telecom. ministers wrap up 18th session in CairoKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Arab Telecommunications and Information Council of Ministers on Thursday welcomed a request that the Algerian city of Constantine, 2015 Capital of Arab Culture, ...

 Dec 19 2014 - ISIL senior leadership killed in airstrikes - PentagonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The Pentagon revealed Thursday that "multiple senior and mid-level leaders" in ISIL have been killed by the US-led coalition's airstrikes since mid-November."We ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help