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MENAFN - Arab News - 08/01/2014

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(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index (TASI) retreated to 8,608.8 points Tuesday, which was roughly where it started the session.

It took a U-turn after 23.76 points earlier fall and then moving sideways for most of the session closed three points below the break-even line.
Small cap indices fell more than two percent for the day. Most of the major sectors closed in the green territory, accumulating an aggregate of 369 points.

Industrial Investment sector again remained at top among sectoral indices, advancing 1.14 percent and closing at 7,249.83. Retail sector was another significant gainer, turning up more than one percent.

Only four sectors including Real Estate Development witnessed a negative change, trimming 194 points collectively. Red Sea Housing Services Company and Makkah Construction Co. suffered worst of all stocks, going down by 4.0 percent and 3.5 percent respectively.

Advancing stocks outnumbered decliners by a margin of 83 to 46 and the prices of 30 companies remained unchanged.

Share price of Rabigh Refining and Petrochemical Company rallied to a maximum growth of 10 percent to SR27.5, clinching the spot as top gainer amongst Saudi stocks. United International Transportation Company (Budget) followed it, surging more than five percent.

Furthermore, Riyad Bank outdid rest of its heavyweight peers, growing 1.33 percent and closing at SR30.4.

Alinma Bank continued its most active status, liquidating 35.8 million shares and contributing 16.4 percent to the overall market volume. The value of these shares reached to SR547.9 million, a relative market share of 9.4 percent. But the company ended without any price change.
A considerable amount of turnover 218.3 million shares worth SR5.8 billion changed hands on the Saudi stock market.

 






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