Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Tadawul: Media and real estate stocks stay in the limelight  Join our daily free Newsletter

MENAFN - Arab News - 10/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) After spending a couple of flat sessions saudi arabia's benchmark tadawul all-share index (tasi) achieved 42 points gain on thursday.

the index closed up by 0.43 percent to finish at 9787.03 reflecting a double top. tasi also logged a healthy ytd return of 14.66 percent.

all market cap indices ended in the safe area. most of the major sectors closed in the green territory accumulating an aggregate of 719 points. only cement industrial investment and telecom sectors could not manage for gains going down a little and losing 66 points collectively.

media and publishing with an upward jump of 1.73 percent remained prominent among sectoral indices closing the day at 4590.04. real estate development sector was another significant gainer which advanced 111.6 points or 1.68 percent.

most of heavyweights extended gains with riyad bank outdid rest of its peers growing over two percent to sr37.47. the bellwether sabic (saudi basic industriesorp.) closed the day up 0.67 percent. advancing stocks outnumbered decliners by a margin of 74 to 50 and the prices of 36 companies remained unchanged.



amana cooperative insurance topped the performance chart at tadawul surging by 6.76 percent to sr37.86. furthermore dallah healthcare holding company rose by 4.18 percent and bupa arabia for cooperative insurance 4.0 percent. both companies' shares raced to a new all-time high.

trading activity was led by dar alarkan real estate development company which liquidated roughly 75 million shares a relative market share of 21.4 percent. the value of these shares reached over one billion riyals which equates 9.5 percent of total market liquidity.

market activity remained 5 to10 percent greater than previous level.

more than 348.9 million shares worth sr10.6 billion changed hands on the saudi stock market.

the 50-day average for trading turnover is closer to 333.7 million shares worth sr9.8 billion.


 
 


Arab News




Loading, Please wait....


 





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

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