Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Real estate shares stay in the limelight  Join our daily free Newsletter

MENAFN - Arab News - 03/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The saudi stock market ended wednesday's trading session solidly in the green. the tadawul all-share index spending entire session in the green territory edged higher to 9678.51 up 94.2 points or 0.98 percent from the previous level. on an ytd basis tasi registered a positive return of 13.4 percent.

All market cap indices finished to the upside with large cap advancing 1.18 percent. thirteen out of tadawul's 15 sectors ended the day with modest gains reflecting an accumulation of 1253 points. only cement and retail sectors could not manage for gains

Real estate development made the biggest jump among sectoral indices marching higher by 2.25 percent to finish at 6460.50. tourism and information technology sectors followed it growing by 1.92 percent and 1.51 percent respectively

Top 10 heavyweights extended gains with saudi telecom surging by 2.18 percent al-rajhi bank 1.93 percent and etihad etisalat co. (mobily) 1.49 percent. the bellwether sabic (saudi basic industries corp.) rose 0.81 percent closing at sr116.06

The advancers outnumbered declining stocks easily on the tadawul (market); as for 80 percent stocks that gained 12 percent ended lower and 8 percent remained unchanged

Again recently traded abdulmohsen alhokair group and umm al-qura cement company showed the best performance among all saudi stocks achieving a daily growth of 9.9 percent. al-qura also continued its most liquid status pumping sr446.5 million into the market

While dar al-arkan real estate continued its most active status liquidating more than 15 million shares which equates 8 percent of overall market volume. furthermore the volume of yanbu cement and united electronics company went 3.1 times high over their 50-day average level

Share trading activity remained high as compared to previous day; turnover went up by 20 percent in terms of volume and 25 percent in terms of value. total turnover set sold approximately 189 million shares worth sr6.5 billion but still remaining below the 50-day average level.


 


Arab News




  MENA News Headlines
 Nov 28 2014 - India says still searching for 39 workers seized in IraqArab News
(MENAFN - Arab News) NEW DELHI: India said Friday it was still searching for 39 construction workers abducted in Iraq in June denying a report claiming they had been executed by the Islamic State ...

 Nov 28 2014 - Gulf Asia approve steps to protect foreign workersArab News
(MENAFN - Arab News) KUWAIT CITY: Gulf and Asian labor ministers agreed Thursday on a series of initiatives aimed at boosting protection and improving conditions of employment for millions of foreign ...

 Nov 28 2014 - UAE hints at body to monitor forex pegThe Peninsula
(MENAFN - The Peninsula)   An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg ...

 Nov 28 2014 - Qatar bourse index down by 3.72pc last weekThe Peninsula
(MENAFN - The Peninsula)  Qatari bourse fell on heavy selloff on latest Opec pessimism on output cut. The benchmark index plunged by 1.39 percent to finish at 13,330 yesterday.The entire sector ...

 Nov 28 2014 - Qatar calls for creating Common Islamic MarketThe Peninsula
(MENAFN - The Peninsula)  Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of ...

 Nov 28 2014 - Saudis block Opec output cutThe Peninsula
(MENAFN - The Peninsula)  Saudi Arabia blocked calls yesterday from poorer members of the Opec oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude ...

 Nov 28 2014 - Don't bypass oil firm, Libya rival govt warnsThe Peninsula
(MENAFN - The Peninsula)  Libya's parallel government controlling the capital will take legal action against buyers of oil bypassing the Tripoli-based state oil firm National Oil Corporation (NOC), ...

 Nov 28 2014 - Qatar Airways partners with Coca Cola IPTLThe Peninsula
(MENAFN - The Peninsula)  Qatar Airways (QA) has teamed up with Coca-Cola International Premier Tennis League (IPTL) as the presenting sponsor for the inaugural edition of the event.The IPTL is the ...

 Nov 28 2014 - Aljazeera to hold global hackathonThe Peninsula
(MENAFN - The Peninsula)   Aljazeera is organising its first hackathon where some of the most innovative minds in media and technology from around the globe will work together and collaborate on the ...

 Nov 28 2014 - GCC 'Summit key to boosting unity'The Peninsula
(MENAFN - The Peninsula)  H M King Hamad bin Isa Al Khalifa of Bahrain yesterday met GCC Secretary-General Dr Abdullatif bin Rashid Al Zayani, who is on a GCC tour.King Hamad stressed the importance ...

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