MENAFN - Arab News
Saudi equity market cap reaches SR1.70 trillion
(MENAFN - Arab News) The Saudi stock market's decline continued to an eighth consecutive trading day yesterday. The Tadawul All-Share Index (TASI) fell 6.26 points after falling over 107 points on Saturday after Tadawul announced new transparency rule which will be effective from Aug. 16.
The market may be heading for more sell-off because of the new rule to disclose names of investors with stakes of 5 percent or more.
Out of 124 companies traded, shares of 58 companies increased while 40 firms were in the red. Over SR4.2 billion worth of shares changed hands yesterday.
Tadawul also announced the stock market performance report for the month of July. According to the Tadawul's statistical report, at the end of July TASI closed at 8,740.74 points, which is 611.58 points or 6.54 percent lower than the previous month.
On an YTD basis TASI lost 2,297.92 points or 20.82 percent. Highest close level for the index during the month was 9,517.32 as on July 7.
The report said total equity market capitalization at the end of July reached SR1.70 trillion (452.11 billion), decreasing by 4.46 percent over the previous month. The total value of traded shares for the month of July fell by 26.88 percent to SR163.30 billion (43.55 billion).
The total number of shares traded reached 4 billion shares for July compared to 6.42 billion shares traded in June, decreasing by 37.63 percent. The total number of transactions in July dropped 18.30 percent to reach at 5.55 million compared to 6.80 million trades in June.
There were three new listings in July. On July 14, Abdullah Al-Othaim Markets Co. was listed with a paid up capital of SR225 million divided into 22.5 million shares. The company offered 6.75 million shares at SR40 per share.
Halwani Bros Co. was listed on July 16 with a paid up capital of SR285,714,300 divided into 28,571,430 shares. The company offered 8,571,430 shares at SR20 per share.
Saudi Arabian Mining Co. (Maaden) was listed on July 27 with a paid up capital of SR9.25 billion divided into 925 million shares. The company offered 462.50 million shares at SR20 per share.
There were also three initial public offerings (IPOs) in July. Maaden offered 462.50 million shares, 50 percent of its issued shares, at a price of SR20 per share from July 5 to July 14.
Astra Industrial Group Company offered 22,235,294 shares, 30 percent of its issued shares, at a price of SR42 per share from July 26.
Tadawul also announced that Mobile Telecommunication Company Saudi Arabia (Zain KSA) was included in TASI as the stock close price on July 2.
In another corporate news, Middle East Specialized Cables Co. (MESC) increased its paid up capital by issuing one bonus share for every four shares held, raising its total number of issued shares to 40 million effective July 16.
Nama Chemicals Co. increased its paid up capital by offering 52.02 million new shares (rights issue) at a price of SR15 per share (SR10 as nominal value and SR5 as a premium), raising its total number of issued shares to 128.52 million from July 26.
The Tadawul report said percentage share of Saudi nationals from the market trades was 91.3 percent for selling which is SR149.12 billion and 89.7 percent for buying which is SR146,53 billion. The percentage share of Saudi companies from the market trades was 2.9 percent for selling which is SR4.74 billion and 4 percent for buying which is SR6.51 billion.
The percentage share of investment funds from the market trades was 2.4 percent for selling which is SR3.99 billion and 1.8 percent for buying which is SR3.02 billion. The percentage share of Gulf Cooperation Council (GCC) nationals from the market trades was 1.8 percent for selling which is SR2.86 billion and 2.7 percent for buying which is SR4.42 billion.
The percentage share of Arab residence in Saudi Arabia from the market trades was 1.5 percent for selling which is SR2.42 billion and 1.6 percent for buying which is SR2.64 billion. The percentage share of foreigners residence in Saudi Arabia from the market trades was 0.1 percent for selling which is SR172.77 million and 0.1 percent for buying which is SR184.32 million.
The BMG Saudi Index maintained its negative performance for the second successive trading session, ending yesterday's session at 470.44 points, down by 0.3 percent. The total turnover also fell by 22.6 percent to reach SR1.4 billion (373 million), compared to SR1.8 billion (482 million) registered in Saturday's trading session.
Four sectors appreciated, whilst one stood still and two depreciated.
Fifteen shares ascended, whereas 10 descended. MESC was the session's best performer, growing by 5.1 percent to SR103 per share. The worst performer, however, was Arabia Insurance Cooperative Company, falling by 5.9 percent to SR28.00.
The leading shares, Saudi Basic Industries Corp. (SABIC) and Al-Rajhi Bank, ended the session on a mixed note, with Al-Rajhi Bank improving by 0.9 percent to SR81.75, whilst SABIC fell by 1.9 percent to 126.50 per share.
MENA News Headlines
|Mar 12 2014||Getafe confirm Contra as new coach ,Kora|
|(MENAFN - Kora) Garcia lost his job after a run of 12 La Liga matches without a win left the side precariously placed just one point above the bottom three.
A matter of hours after announcing his ...|
|Mar 12 2014||Dubai's Arabtec to build million home in Egypt ,MENAFN|
|(MENAFN) Dubai-based Arabtec plans to build one million homes in Egypt in a USD40 billion deal that is expected to open the doors to a politically-inspired Gulf investment, according to Arabian ...|
|Mar 12 2014||La Liga Wrap: Strugglers Rayo, Malaga pick up valuable away wins ,Kora|
|(MENAFN - Kora)
In an action-packed affair at Anoeta, the hosts took the lead after just two minutes when Inigo Martinez headed home a dangerous inswinging delivery from Ruben Pardo.
Their lead ...|
|Mar 12 2014||Seedorf upbeat over Milan chances ,Kora|
|(MENAFN - Kora) Seedorf's men face a stiff task at Vicente Calderon on Tuesday after suffering a 1-0 defeat in the first leg of their last-16 tie at San Siro last month.
Milan occupy a mid-table ...|
|Mar 12 2014||UEFA Europa League Preview: AZ v Anzhi ,Kora|
|(MENAFN - Kora) Owner Suleyman Kerimov withdrew the majority of his funding from Anzhi last year, leading to a mass exodus of players that saw them slide down the Russian Premier League table.
|Mar 12 2014||JD.com valued at USD20 b in IPO ,MENAFN|
|(MENAFN) An initial public offering (IPO) has been proposed for JD.com, the Chinese ecommerce site backed by Saudi Arabia's Prince Alwaleed bin Talal, at USD20 billion worth in the second quarter of ...|
|Mar 12 2014||Championship Wrap: Reading stun Leeds, Blackpool end barren streak ,Kora|
|(MENAFN - Kora) Exactly a year to the day since his departure from Reading, McDermott watched his Leeds side follow up Saturday's 5-1 home thrashing at the hands of Bolton Wanderers with another poor ...|
|Mar 12 2014||Schumacher showing 'small, encouraging' signs ,Kora|
|(MENAFN - Kora) The seven-time Formula One world champion has been in a medically induced coma for over two months after suffering head trauma in a skiing accident on December 29.
Last week, it ...|
|Mar 12 2014||Pillay Urges Halt to Attacks Targeting Civilians ,Qatar News Agency|
|(MENAFN - Qatar News Agency) UN High Commissioner for Human Rights Navi Pillay expressed deep concern on Tuesday that civilians in South Darfur, Sudan, have been bearing the brunt of recent attacks. ...|
|Mar 12 2014||Libyan PM Zeidan Dismissed as Oil Tanker 'Breaks Blockade' ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Libya's parliament has dismissed Prime Minister Ali Zeidan after a tanker laden with oil from a rebel-held port reportedly broke through a naval blockade. MPs called a ...|
|Mar 12 2014||Bulgaria's President : Great Prospects for Further Cooperation with Qatar ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Bulgaria's President Rosen Plevneliev said that there is a great prospect for further cooperation between his country and the State of Qatar in various fields. Speaking ...|
|Mar 12 2014||Nsour:Israel Apologizes Over Zeiter Killing ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Israel has officially apologized for the killing of Jordanian judge Raed Zeiter who was shot dead by Israeli soldiers on Monday after he had crossed the King Hussein ...|
|Mar 12 2014||Israeli Airstrike Kills 3 Palestinians in Southern Gaza ,Qatar News Agency|
|(MENAFN - Qatar News Agency) An Israeli airstrike killed three Palestinians in the southern Gaza Strip on Tuesday, an official said.
Gaza Ministry of Health spokesman Ashraf al-Qidra said that ...|
|Mar 12 2014||Qatar - NHRC Secretary General Meets IRCS Secretary General ,Qatar News Agency|
|(MENAFN - Qatar News Agency) The National Human Rights Commission (NHRC) Secretary General Mrs. Maryam bint Abdullah Al Attiyah met here Tuesday with Dr. S P Aggarwal, the Secretary General, Indian ...|
|Mar 12 2014||Administrative Development Minister Returns To Doha From Muscat ,Qatar News Agency|
|(MENAFN - Qatar News Agency) HE Minister of Administrative Development Dr. Issa Saad Al-Jafali Al-Nuaimi returned to Doha on Tuesday coming from Muscat, wrapping up a few days' visit to Oman ...|
|Mar 12 2014||Qatar - QFPSR Celebrates International Women's Day ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Qatar Foundation for Protection and Social Rehabilitation (QFPSR) celebrated International Women's Day to fight violence against women, by organizing a mass programme at ...|
|Mar 12 2014||Qatar - QF Primary Health Care Center Implements Electronic HealthRecord System ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Qatar Foundation for Education, Science, and Community Development (QF) and Cerner Middle East (CME), health care information technology (HIT) solution provider, ...|
|Mar 12 2014||Qatar , Bulgaria Hold Talks ,Qatar News Agency|
|(MENAFN - Qatar News Agency) A round of official talks kicked off at the Emiri Diwan Premises here on Tuesday between HH the Emir Sheikh Tamim Bin Hamad Al Thani and visiting Bulgarian President ...|
|Mar 12 2014||Saudi to invest USD66 b in water sector ,MENAFN|
|(MENAFN) Saudi Arabia has announced its plan to invest USD66 billion in water sector in the following 10 years, according to Arab News.
The kingdom plans to improve its national security and ...|
|Mar 12 2014||Qatar Foundation Primary Health Center Implements New Initiative ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Qatar Foundation (QF) for Education, Science, and Community Development and Cerner Middle East (CME) successfully delivered an ambulatory Electronic Health Record (EHR). ...|