Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Insurance stocks surge 2.82 percent  Join our daily free Newsletter

MENAFN - Arab News - 23/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index (TASI) continued a positive drive Sunday, advancing half percent further.

While curving in the upward territory throughout the day it added 41.56 points, closing at 8,551.23 points.

On an YTD basis, TASI registered a positive return of 25.73 percent. Micro cap with 1.2 percent positive change remained prominent among market cap indices.

Eleven out of Tadawul's fifteen sectors closed up, reflecting a collection of 546 points. Insurance outdid rest of the sectors, surging 2.82 percent to close at 1,193.14. Hotel & Tourism sector followed it, increasing by 1.27 percent. Banking sector added considerable 210 points, up more than one percent.

Most of heavyweights finished to the upside, with Saudi Telecom growing by 2.8 percent, SABB 2.75 percent and Riyad Bank 2.06 percent. The bellwether SABIC (Saudi Basic Industries Corp.) ended without any change but it opped the liquidity chart, pouring SR435.4 million into the market.


While, Alinma Bank continued its most active status, liquidating over twenty five million shares and achieving a relative market share of 11.4 percent.

More than 225 million shares worth SR 6.0 billion exchanged hands on the Saudi Stock Market. The 50-day average for trading volume is closer to 180 million shares.

The advancers easily outnumbered declining stocks on the Tadawul; as for 64 percent stocks that gained, 22 percent ended lower and 14 percent remained unchanged.

New player ANB Cooperative Insurance Company again made the biggest jump among all Saudi equities, achieving a maximum growth of 10 percent to SR34.1. An appreciation of 241 percent in the value of ANB has been recorded in 19 days.

Malath Insurance and Saudi Re for Cooperative Reinsurance were other key players, showing a solid growth of 9.95 percent and 9.73 percent respectively.

 


Arab News




  MENA News Headlines
 Feb 13 2016 - Saudi Arabia to work on reducing emissionsMENAFN
(MENAFN) Saudi Arabia realizes the importance of renewable energy in the economic and social growth, and all people have the right to have reliable energy sources.Additionally, the fossil fuel will ...

 Feb 13 2016 - Germany to offer USD 566mn in credits to IraqMENAFN
(MENAFN) Germany will offer USD 566mn worth of credit to Iraq in order to help it with the sharp downturn in global oil prices and its will do it best.Furthermore, Germany will stabilize Iraq with ...

 Feb 13 2016 - Qatar's consumption will grow to 39.6 percentMENAFN
(MENAFN) Qatar's investments of its GDP increased to 39.6 percent in Q2 last year from 32.4 percent in 2014 on stable government capital spending.Moreover, the nation's consumption grew to 20.8 ...

 Feb 12 2016 - Egypt logs 16.5pct drop in non-oil exports over 2015MENAFN
(MENAFN) Egypt's non-petroleum exports saw a 16.5 percent decline in value throughout the previous year as opposed to 2014, based on recent reports.Based on Egypt's General Authority for Export and ...

 Feb 12 2016 - UAE's new theme park's expenditure hits USD1.5bMENAFN
(MENAFN) Set to open its doors this Oct. the all new Dubai Parks and Resorts along with its land has had its overall project expenditure hit USD1.5 billion at the end of last year as opposed to much ...

 Feb 12 2016 - ACWA Power to collect USD8b debt in H1MENAFN
(MENAFN) ACWA Power, the Saudi-based power generation and desalinated water production plants' operator, intends to raise USD8 billion of debt over the first six month of the current year, according ...

 Feb 12 2016 - Spain dismantles falcon trafficking ring destined for UAE racesThe Peninsula
(MENAFN - The Peninsula) (file photo / Reuters ) Madrid: Spanish police said Thursday they had dismantled an international ring that smuggled falcons to the United Arab Emirates where ...

 Feb 12 2016 - Russia raises spectre of world war if nations fail to negotiate over SyriaThe Peninsula
(MENAFN - The Peninsula) Russian Prime Minister DmitryMedvedevchairs a meeting with ministers and top officials on social and economic policy in Moscow on February 10 2016. REUTERS ...

 Feb 12 2016 - Germany offers 500 mln euros in credits to IraqThe Peninsula
(MENAFN - The Peninsula) German Chancellor AngelaMerkel(L) and Iraqi Prime Minister Haider al-Abadi shake hands at a joint press conference after meeting at the Chancellery in Berlin on February 11 ...

 Feb 12 2016 - Russia claims US planes bombed Syria's AleppoThe Peninsula
(MENAFN - The Peninsula) Stalls are seen on a street beside damaged buildings in the rebel held al-Shaar neighborhood of Aleppo Syria February 10 2016. REUTERS Moscow:Russia's defence ...

more...


 






Google

Click to Apply

 
 

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