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

Saudi - Industrial investment stocks continue to surge  Join our daily free Newsletter

MENAFN - Arab News - 08/01/2014
No. of Ratings : 0
Add to Mixx!



(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

 


Arab News




  MENA News Headlines
 Sep 17 2014 - Kyrgyz Energy and Industry Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Minister of Energy and Industry of the Republic of Kyrgyzstan Osmonbek Artykbaev met Wednesday with HE Qatar's Ambassador in Bishkek Mohammed bin Arar Al Nuaimi. During the meeting, ...

 Sep 17 2014 - Japan to Donate over $10 Million to Iraqi, Syrian RefugeesQatar News Agency
(MENAFN - QNA) Japan plans to donate more than $10 million through international organizations to Iraqi and Syrian refugees displaced by the Islamic State militant group (ISIS), sources close to ...

 Sep 17 2014 - Qatar Seeks to Diversify National Economy by Attracting Foreign InvestmentsQatar News Agency
(MENAFN - QNA) HE Qatar's Ambassador to the United States Mohammed Jaham Al Kuwari has stressed that the State of Qatar is seeking to diversify its national economy by attracting foreign investments ...

 Sep 17 2014 - Summary of Local News Released Tuesday - 1-Qatar News Agency
(MENAFN - QNA) - Trade Minister of the Republic of Ecuador Francisco Rivadeneira has met with HE Qatar's Ambassador to Ecuador Hassan Ibrahim Abdurrahman Al-Maliki . - A delegation from the ...

 Sep 17 2014 - Summary of Local News Released Tuesday - 2-Qatar News Agency
(MENAFN - QNA) - Over 70 delegates are receiving insights on organizing major sports events at a two-day course that opened Tuesday at the Qatar National Convention Centre in Doha. - The State of ...

 Sep 17 2014 - Summary of Local News Released TuesdayQatar News Agency
(MENAFN - QNA) A summary of local news released Tuesday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Tuesday a cable of congratulations to the President of the United ...

 Sep 17 2014 - Qatar Airways receives its first Airbus A380MENAFN
(MENAFN) Qatar Airways has taken delivery of its first A380 superjumbo following a three-month standoff with plane maker Airbus over the quality of cabin fittings, Gulf Business reported.However the ...

 Sep 17 2014 - Egypt plans to woo foreign investorsMENAFN
(MENAFN) Egypt is introducing economic reforms to help the country in its plan to re-attract foreign investments and boost domestic growth rates in order to restore its ailing economy, which is ...

 Sep 17 2014 - MENA's investments in rail projects hit USD167bMENAFN
(MENAFN) Investment in rail projects is accelerating throughout the Middle East and North Africa region (MENA), with at least USD167 billion-worth of active or future rail or metro projects being ...

 Sep 17 2014 - India to remain UAE top export destinationMENAFN
(MENAFN) The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US, Khaleej Times reported.India, ...

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

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