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MENAFN - Arab News - 03/07/2014
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(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




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