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

Saudi- Banking sector shows positive change  Join our daily free Newsletter

MENAFN - Arab News - 20/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) The Tadawul All-Share Index (TASI) reflecting the double bottom at 6,852 points level yesterday crossed the breakeven line to close in the green at 6,888.59 points, adding 30.35 points or 0.44 percent for the entire day.

It wavered within a trading range of 36.7 points yesterday.
Only small caps among the market cap indices moved downward slightly.
Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 397 points.

Transport came out as key performing sector among sectoral indices, reflecting an increment of 60.57 points or 1.28 percent.

Banks and Financial Services sector followed it, advancing by 178 points or 1.2 percent for the day.

Samba Financial Group, SABB and Al-Rajhi Bank showed a tremendous performance among big players, marching higher by 1.97 percent, 1.94 percent and 0.76 percent respectively.

On the negative side, five sectors fell down from previous day's level, trimming 30.4 points collectively. The insurance sector posted the largest losses, falling 0.9 percent further to 1,415.91.

Advancing stocks outnumbered decliners by a margin of 77 to 57 and the prices of 22 companies remained unchanged.

Insurance companies led the top gainer and loser charts, with Saudi Indian Co. for Cooperative Insurance and Amana Cooperative Insurance, offsetting their performance by a maximum of 9.9 percent positive-negative change.
Only Kingdom Holding turned red among top 10 heavyweight equities, going down slightly by 0.28 percent to close at SR17.95.

 






  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