Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Al-Qura Alhokair shares dip first time after debut  Join our daily free Newsletter

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



(MENAFN - Arab News) Saudi Arabia's Tadawul All-Share Index (TASI) continued its positive drive marking another gain of 0.66 percent on Sunday. While curving in the upward territory throughout the day it added further 64.22 points closing at 9752.16.

With this increment TASI's year-to-date return exceeds 14 percent.

Large cap remained prominent among market cap indices recording a daily growth of 0.8 percent.

Most of heavyweights extended gains with Saudi Electricity Co. outdid rest of its peers surging over three percent to close at SR16.29. The bellwether SABIC (Saudi Basic Industries Corp.) rose by 1.3 percent.

12 out of Tadawul's fifteen sectors finished to the upside reflecting an accumulation of 765 points. Energy & Utilities sector advanced 153.7 points or 2.63 percent over the day posting the biggest gains among all sectors. Agriculture and Petrochemical sectors followed it gaining more than one percent.

Market breadth was positive with 82 stocks witnessing advances and 57 others marking a decline. Bupa Arabia for Cooperative Insurance stepped up to occupy the top position soaring up 9.8 percent for the session.

Bupa shares raced to an all-time high of SR100.5 before closing at SR100.47.

On the other hand new player Umm Al-Qura Cement Company has fallen prey to profit-taking after sequential run-ups (15 consecutive wins since its debut on Tadawul).

The company plunged by 9.85 percent closing at SR36.25. But it appeared to be the most active stock of the day liquidating 17.5 million shares.

While recently traded Abdulmohsen Alhokair group topped the liquidity chart pumping SR1.34 billion into the market.

But the group also closed in red declining more than two percent.

Tadawul volume went down by 11.5 percent and traded 202.9 million shares as compared to previous day's 229.1 million shares. Roughly SR7.5 billion were poured into the market.

Total turnover remained below the 50-day average level ranging from 23 percent to 33 percent.


 


Arab News




  MENA News Headlines
 Jul 7 2015 - Dollar price against Egyptian pound stabilises, market anticipates CBE's next stepDaily News Egypt
(MENAFN - Daily News Egypt) he price of the US dollar against the Egyptian pound stabilised on Monday after witnessing two consecutive increases on Thursday and Sunday, during which it increased by ...

 Jul 7 2015 - Egypt- Are Ramadan charity campaigns backfiring?Daily News Egypt
(MENAFN - Daily News Egypt) A happy family gathering around Iftar after a long, tiring day of fasting turns into sadness and sorrow while watching a little girl on TV with a burned face crying out ...

 Jul 7 2015 - Egypt- Holy month unleashes hail of donation campaignsDaily News Egypt
(MENAFN - Daily News Egypt) With the beginning of Ramadan, a major burst of commercials asking for donations took over each and every TV channel. The excessive amount of commercials is not a foreign ...

 Jul 7 2015 - FIFA's Blatter unwittingly pinpoints football governance's prime issuesDaily News Egypt
(MENAFN - Daily News Egypt) Embattled FIFA president Sepp Blatter unwittingly put his finger on two fundamental issues that underlie a corruption scandal that has rocked world football governance, ...

 Jul 7 2015 - Emaar Egypt shares decline to EGP 3.71 per shareDaily News Egypt
(MENAFN - Daily News Egypt) Emaar Egypt's shares were traded at EGP 3.71 per share, lower than the price of their initial public offering (IPO), on the second day of Egyptian Stock Exchange (EGX) ...

 Jul 7 2015 - New budget of EGP 5bn allocated to Cairo Capital project: Housing MinisterDaily News Egypt
(MENAFN - Daily News Egypt) The New Urban Communities Authority (NUCA) has adopted its new budget for the current fiscal year (FY) 2015/2016, valued at EGP 33.2bn, according to Minister of Housing ...

 Jul 7 2015 - Egypt- Qalaa Holdings signs initial agreement to exit Misr Glass Manufacturing Company: Official statementDaily News Egypt
(MENAFN - Daily News Egypt) Qalaa Holdings Company, alongside a number of Misr Glass Manufacturing Company share holders, signed an initial agreement to sell 15.18% of the latter company's shares to ...

 Jul 7 2015 - Egypt- EATC organises annual meeting, suppliers currently stand by board of directorsDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Automotive and Trading Company (EATC), the Volkswagen and Audi agent in Egypt, held its annual meeting in an Iftar in the presence of Karim Naggar, EATC's ...

 Jul 7 2015 - Egypt- Tetra Pak still pursuing recycling project, looks at other partnersDaily News Egypt
(MENAFN - Daily News Egypt) Tetra Pak, a leading food processing and packaging solutions company, is still pursuing the recycling project it announced in 2013 with Akef Pack-tec, an Egyptian shopping ...

 Jul 7 2015 - Egypt -Ministry of Tourism sets cost of participating in 3 international exhibitions at â‚2,500: ETAADaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Tourism set the cost for companies and hotels participating in the next three tourist exhibitions, which will be held outside Egypt until April 2016, at ...

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