Quotes: US 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.


 






  MENA News Headlines
 Jul 29 2014 - New additions to Local Harvest brand of datesKhaleej Times
(MENAFN - Khaleej Times) E dates come from farmers who have contracts with ADFSC and therefore practise date palm farming according to the centres standards.For the next three weeks the Abu Dhabi ...

 Jul 29 2014 - PayTabs to launch online solutions in Bahrain, SaudiMENAFN
(MENAFN) PayTabs, a payment processing solution company co-owned by Saudi Aramco, is set to launch its online payment processing solutions in Bahrain and Saudi Arabia, Gulf Daily News reported.The ...

 Jul 29 2014 - Mobily signs LTE-4G roaming deal with BatelcoMENAFN
(MENAFN) Mobily telecom has signed an LTE-4G roaming deal with Bahrini Batelco to provide customers with advanced Internet services, Arab News reported.This agreement coincides with Eid Al-Fitr ...

 Jul 29 2014 - Pakistan's film industry becomes alive againArab News
(MENAFN - Arab News) HORE: A breed of brand new independent filmmakers is successfully filling the void left by an obsolete industry known as Lollywood.In many ways 2013 was an era-defining year for ...

 Jul 29 2014 - Pak-British singer faces death threats over Gaza supportArab News
(MENAFN - Arab News) NDON: Zayn Malik probably wasn't expecting the barrage of abuse he received from followers after he pledged his support for the #FreePalestine social media campaign The ...

 Jul 29 2014 - Working in India was 'a good experience'Arab News
(MENAFN - Arab News) MBAI: Pakistani actor Fawad Khan's experience of working in India was very good and he credits his Indian co-star Sonam Kapoor for it reported Oneindia Entertainment.'She is a ...

 Jul 29 2014 - 'Lucy' tops 'Hercules' with 44m at box officeArab News
(MENAFN - Arab News) S ANGELES: Luc Besson's 'Lucy" proved mind can overpower muscle topping a remake of 'Hercules" by director Brett Ratner at the box office on the weekend.The Universal ...

 Jul 29 2014 - Lakers insist no deal reached yet with ScottArab News
(MENAFN - Arab News) S ANGELES: Byron Scott said in a television interview that he is the new coach of the Los Angeles Lakers but the team insisted that an agreement has not yet been reached.ESPN ...

 Jul 29 2014 - It's 'Jeff Gordon Day' at Indy for record 5th timeArab News
(MENAFN - Arab News) DIANAPOLIS: With a fifth Brickyard 400 victory on the line Sunday Jeff Gordon looked like the driver he was 20 years ago.Gordon nailed the final restart of the race no given ...

 Jul 29 2014 - Ali's risks disciplinary action for Gaza wristbandsArab News
(MENAFN - Arab News) UTHAMPTON: England cricketer Moeen Ali risked disciplinary action after the International Cricket Council (ICC) said Monday they were 'investigating" his decision to wear ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help