Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Real estate sector rises over 2 percent  Join our daily free Newsletter

MENAFN - Arab News - 04/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Despite a plunge of 33 points after the opening bell, the benchmark Tadawul All-Share Index (TASI) finished with a balmy gain of 0.15 percent or 12.78 points, closing at 8,618.12.

Positive performance was boosted by Real Estate Development sector, which surged 103.3 points or 2.15 percent to close at 4,898.69. Petrochemical Industries was another significant gaining sector, advancing by 0.6 percent for the day.

Insurance sector, on the other hand, posted the largest losses, falling 0.86 percent to close the day at 1,192.54.

Top 10 market cap companies closed the day in mixed territories, showing small changes from previous day's level.

Saudi Telecom and Kingdom Holding came out as significant players among heavyweights, offsetting their performance by one percent positive-negative change.

Market breadth with advance-decline ratio of 0.41:1 remained negative.
Share price of ANB Cooperative Insurance rallied to a maximum growth of 10 percent, closing the day at SR79.75.

Makkah Construction and Development Co. and Sahara Petrochemical Co. followed it, marching higher by 8.02 percent and 5.0 percent respectively.
After sequential run-ups new player Bawan Company has fallen prey to profit-taking, dropping 8.96 percent for the day.

But the company dominated the trading activity, pouring roughly 29 million shares, which equates 13.4 percent of Tadawul's total volume.
The value of these shares reached to SR1.9 billion, a relative market share of 28.1 percent.

Share trading activity remained high as compared to previous day; turnover went up by 35 percent in terms of value and 10.5 percent on volume basis.
More than 216.2 million shares worth SR 6.9 billion exchanged hands on the Saudi Stock Market.

The 50-day average for trading volume is closer to 180.8 million shares.

 


Arab News




  MENA News Headlines
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

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