Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Stock Index Breaks 17,500 Barrier   Join our daily free Newsletter

MENAFN - Arab News - 08/01/2006

No. of Ratings : 0
Add to Mixx!


 


JEDDAH, 8 January 2006 — Saudi stocks soared to a new record high yesterday as the Tadawul All-Share Index (TASI) broke the 17,500 barrier and closed at 17,546.76, up 89.15 points from Thursday's closing.

The Saudi stock market will close for the Eid Al-Adha holiday after today's morning session and will reopen on Monday, Jan. 16.

Over SR24.57 billion worth of shares changed hands. Out of 77 stocks traded, 52 were up while 21 were down yesterday.

The Industrial Index was down while all other indexes edged higher.

The Banking Index was up by 124.10 points at 42,446.06 despite fall in share prices of Samba Financial Group and The Saudi Investment Bank.

Saudi Hollandi Bank and Bank AlJazira shares gained over two percent each yesterday at SR1,104.50 and SR1,686, respectively.

Shares of Saudi Basic Industries Corp (SABIC) fell yesterday to SR1,678 while Saudi Cable Co. shares jumped 5.71 percent to SR375.

The Industrial Index, however, dropped 91.46 points to 42,976.78.

In cement sector, shares of Southern Cement rose 3.39 percent to SR831.25, followed by Yamamah Cement by 2.79 percent to SR2,870. Shares of Saudi Cement, Qassim Cement, Yanbu Cement and Eastern cement edged lower yesterday.

The National Shipping Company of Saudi Arabia, Tihama Advertising and Public Relations Co. and Saudi Hotels and Resort Areas Co. shares jumped over four percent yesterday. Shares of major companies in the services sector such as Saudi Real Estate Co., Saudi Public Transport Co., Taiba Investment and Real Estate Co., and Makkah Construction and Development Co. dropped yesterday.

Saudi Electricity Co. shares rose slightly to SR150.50.

Saudi Telecom Co. (STC) and Etihad Etisalat shares rose 3.04 percent and 0.21 percent to SR1,017 and SR723.50, respectively.

The Insurance Index closed 196.28 points higher at 2,208.31 as the National Company for Cooperative Insurance (NCCI) shares made hefty gain of 9.76 percent to close yesterday at SR796.

In the agriculture sector, Bishah Agriculture shares soared 10 percent to SR1,364 and Eastern Agriculture by 7.93 percent to SR503.75 yesterday.


 






  MENA News Headlines
Apr 24 2014Kuwait inflation edges up 2.96% y/y in March ,Arab Times
(MENAFN - Arab Times) Wait city april 23 (kuna): kuwait's annual record of the general index of consumer prices (inflation) rose in march by 2.96 percent compared with the same month of last year ...

Apr 24 2014DPG launches Masat to oversee portfolio ,Khaleej Times
(MENAFN - Khaleej Times) Dubai properties group (dpg) has announced the establishment of masat a new dedicated portfolio management company responsible for overseeing and managing dpg?s built to ...

Apr 24 2014UAE- Shapoorji Pallonji enters final stage on Bloom Central ,Khaleej Times
(MENAFN - Khaleej Times) Leading regional and international construction company shapoorji pallonji has entered the final stage of construction of bloom central project a 25-storey mixed-use ...

Apr 24 2014UAE- Huge turnout recorded at Gitex Shopper's first day ,Khaleej Times
(MENAFN - Khaleej Times) Buyers seek deals on newly launched smartphones the first day of gitex shopper spring edition recorded strong turnout despite the fact that it was a working day and ...

Apr 24 2014Landmark day for Dubai as bourse hits 5100 mark ,Khaleej Times
(MENAFN - Khaleej Times) Bourse hits 5100 mark; dhcog to prepay $555m; govt raises $750m from sukuk it was a landmark day for dubai on wednesday as the emirate made significant progress on ...

Apr 24 2014Kuwait's consumer price rises by 2.96 percent in March ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's annual record of the general index of consumer prices (inflation) rose in March by 2.96 percent compared with the same month of last year, the Central ...

Apr 24 2014UN Chief: All Parties in Syria Blocking Aid ,Qatar News Agency
(MENAFN - Qatar News Agency) w York April 24 - The UN Secretary General Ban Ki-moon has accused all parties in Syria's civil war of "flagrant violations" of international law over the delivery of ...

Apr 24 2014Dubai Investments raises foreign ownership cap to 35% ,Khaleej Times
(MENAFN - Khaleej Times) Dubai investments (di) the largest investment company listed on the dubai financial market (dfm) has raised the foreign ownership limit in the company from the existing 20 ...

Apr 24 2014Heads of aid agencies urge int'l community to find the courage, will Syrians have plenty of ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Heads of five UN Aid Agencies on Wednesday urged the international community to find the courage and will the Syrian people have to cope with and survive over ...

Apr 24 2014US says any Palestinian gov't must "unambiguously" commit to nonviolence, existence of Israel ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The US stressed here Wednesday that any Palestinian government must "unambiguously and explicitly commit to nonviolence, recognition of the state of Israel, and ...

Apr 24 2014UAE- Investcorp continues expansion ,Khaleej Times
(MENAFN - Khaleej Times) Investcorp a global provider and manager of alternative investment products announced that it has opened a new representative office in abu dhabi. the office is situated ...

Apr 24 2014Tim Hortons opens at Dubai Chamber ,Khaleej Times
(MENAFN - Khaleej Times) Tim hortons recently celebrated the opening of its newest cafe and bake shop restaurant at the dubai chamber of commerce and industry by the dubai creek. hamad buamim ...

Apr 24 2014Arab League hails Palestinian party reconciliation pact ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab League chief Nabil Al-Araby has commended the agreement for a national unity government formation reached between the once rival main Palestinian parties, ...

Apr 24 2014UAE- UPC issues guidelines on underground utilities installations ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi has come up with new guidelines for the installation of underground utilities which will also help in cutting costs. the new guidelines would benefit ...

Apr 24 2014UAE- Al Maabar hands over 60% units at Moroccan project ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real estate developer al maabar said that 60 per cent of the residential units of phase one at its moroccan bab al bahr project have been delivered to its ...

Apr 24 2014SMEs play crucial role in boosting Dubai's growth ,Khaleej Times
(MENAFN - Khaleej Times) Pinsent dec and zawya recommend relaxing lending rules more could be done to enable small and medium-sized businesses to get the finance they need to grow and boost ...

Apr 24 2014UAE's Emaar profit grows 55 percent in Q1 ,MENAFN
(MENAFN) Net profit of Dubai"s Emaar Properties saw a 55 percent rise in the first quarter of 2014 on growing regional economy, according to Arab News. Emaar profit for the quarter was estimated ...

Apr 24 2014Kuwait- OCA committed to cooperation with member nations - president ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Olympic Council of Asia is committed to cooperating with and providing all forms of support to its member nations during difficult circumstances they are ...

Apr 24 2014UAE- Move to spur female entrepreneurship ,The Peninsula
(MENAFN - The Peninsula) UAE-based conglomerate Crescent Enterprises has partnered with the Cherie Blair Foundation for Women to empower, mentor and support female entrepreneurs in a number of ...

Apr 24 2014Kuwait Social Media Summit kicks off ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 2nd Annual Kuwait Social Media Summit, kicked off here on Wednesday, is a high-level event which brings together social media experts across the government, ...

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
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