Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - TADAWUL: Real estate stocks increase 0.5 percent  Join our daily free Newsletter

MENAFN - Arab News - 12/12/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) The Saudi stock market recorded nominal gains on Wednesday, as the Tadawul All-Share Index (TASI) closed higher to 8,399.65, adding less than half point for the entire day.
It went 11.38 points above and 22.96 points below the break-even line during the day. The market cap indices closed in mixed territories. Six out of Tadawul's fifteen sectors extended gains, reflecting an accumulation of 160 points.
Real Estate Development showed the best performance among all sectors, advancing exactly half percent and closing at 4,728.14.
On the negative side, nine sectors including Media and Publishing (-0.74 percent) - the biggest decliner of the day - went downward, trimming an aggregate of 96 points.
Saudi Arabia Fertilizers Co. (SAFCO) with 0.63 percent upward jump remained prominent among heavyweights. While, market leader SABIC (Saudi Basic Industries Corp.) performed worst amongst big players, closing the day lower 0.68 percent. But it continued to pump more liquidity into the market, contributing SR 563.3 million and closing at SR109.75.
The market breadth with advance-decline ratio of 0.85:1 remained slightly unfavorable. ANB Cooperative Insurance continued to dominate the performance chart in a consecutive manner, soaring up 9.86 percent further and closing at SR23.4. Rabigh Refining and Petrochemical Company followed it, surging 4.6 percent for the day.
Alinma Bank continued its most active status, liquidating 20.5 million shares, which equates 13.5 percent of overall market volume.
Roughly 152 million shares worth SR4.4 billion changed hands on the Saudi stock market. This turnover reflects a daily decrease of 21 percent on volume basis and 15 percent in terms of liquidity.
Tadawul turnover also went below the 50-day average level.

 






  MENA News Headlines


 






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help