Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi stocks rise after Eid holiday  Join our daily free Newsletter

MENAFN - Arab News - 04/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) The Tadawul All-Share Index (TASI) advanced a little from earlier levels to 6,800.82 yesterday.

The TASI spending most of the session in the red territory and within a range of 36 points finally crossed the break-even line, adding 9.77 points or 0.14 percent.

Micro cap with 1.86 percent upward jump remained prominent among market cap indices.

Sectoral performance was positive, with ten sectors accumulating an aggregate of 550 points. Insurance came out as the key performing sector, rising by 3.4 percent to close at 1,491.03.

Hotel & Tourism and Transport sectors followed it, moving up by 2.82 percent and 2.58 percent respectively.

Six out of top ten market cap companies ended the day in green.
Etihad Etisalat Co. (Mobily) and Saudi Arabian Mining Company performed well relatively, achieving a growth of 1.03 percent and 0.62 percent respectively.

However, Al-Rajhi Bank and Riyad Bank slipped 0.7 percent to close at SR 69.75 and SR 22.9 respectively.

Market breadth was positive, whereby 94 symbols closed in green and 42 closed in red, while 19 remained unchanged.

Wataniya Insurance Company continued its upward march, surging 10 percent further to close at SR 137.5. An appreciation of nearly 40 percent in the value of Wataniya has been recorded in four consecutive trading days.
Dar Al-Arkan Real Estate continued to dominate the trading activity at Tadawul.

Roughly 25 million shares of the company were liquidated yesterday, which reflected a 16.8 percent relative market share.

 






  MENA News Headlines


 






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
Marketwatch News
UPI News
Comtex News

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