Quotes: 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 industries corp.) 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




  MENA News Headlines
 May 6 2015 - Egypt- IMF technical assistance team to visit Cairo early JuneDaily News Egypt
(MENAFN - Daily News Egypt) The economic policy reforms pursued by the Egyptian government have started to pay off and growth is enhanced, although the country still facing difficult situation, ...

 May 6 2015 - Chinese companies to visit Egypt with Chinese President: HelalDaily News Egypt
(MENAFN - Daily News Egypt) The China Development Bank (CDB) will provide Egyptian banks with credit to finance projects in small and medium-sized enterprises (SMEs), according to Karim Helal, ...

 May 6 2015 - Egypt- Labour groups demand return of suspended Mahallah workersDaily News Egypt
(MENAFN - Daily News Egypt) A group of labour movements and activists demanded the return of four suspended labour leaders from the Mahallah Company for Cotton Spinning and Weaving, calling for the ...

 May 6 2015 - Egypt- Prosecutor General denies investigation of Ibrahim over journalist deathDaily News Egypt
(MENAFN - Daily News Egypt) Prosecutor General Hisham Barakat has denied reports published Tuesday that claimed an investigation was approved by his office against former interior minister Mohamed ...

 May 6 2015 - Egypt- Political movements call on universities to allow imprisoned students to sit examsDaily News Egypt
(MENAFN - Daily News Egypt) Five political movements called on university administrations, in a joint statement Tuesday, to allow imprisoned students to sit their final exams..The movements include ...

 May 6 2015 - Egypt- Removal of cotton subsidies trial postponedDaily News Egypt
(MENAFN - Daily News Egypt) A Cairo Administrative Court adjourned Tuesday the removal of the cotton subsidies case to 16 June.The lawsuit demands the cancellation of the governments' decision to ...

 May 6 2015 - Egypt- 'Perverted fatwa' of IS indicate their ignorance: Dar Al-IftaDaily News Egypt
(MENAFN - Daily News Egypt) Dar Al-Ifta condemned the "perverted fatwa" issued by the "Islamic State" (IS) militant group, which claimed that the study of archaeology is forbidden. The entity, which ...

 May 6 2015 - Egypt, Rwanda to build educationDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's ambassador to Rwanda Namira Negm met Tuesday Rwandan Minister of Education Silas Lwakabamba regarding further cooperation between the two countries.Lwakabamba ...

 May 6 2015 - Mideast's travel market revenue to hit USD35b in 2017MENAFN
(MENAFN) The Middle East travel market is forecast to record further growth, with an estimation of logging a revenue of USD35 billion by the year of 2017, Arabian Business reported.The market is ...

 May 6 2015 - Saudi- Asir Region Governor receives German AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Faisal bin Khalid bin Abdulaziz, Governor of Asir region, met here today with the Ambassador of Federal Republic of Germany to the Kingdom of Saudi Arabia Boris ...

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