Banking stocks continue to gain



JEDDAH: ARAB NEWS

Published — Thursday 10 January 2013

Last update 10 January 2013 3:19 am

| نسخة PDF Print News | A A

The Saudi stock market ended yesterday's trading session solidly in the green. The Tadawul All-Share Index (TASI) closed up 73.42 points or 1.04 percent to 7,126.71 yesterday, after being up as much as 84 points earlier.
On year-to-date basis, the index showed a sharp uplift of 4.79 percent.
Large cap with 1.34 percent upward jump remained prominent among market cap indices.
Most of the major sectors closed in the green territory, accumulating an aggregate of over 800 points. The banks and financial services sector continued its upward march for the third straight day, adding 373 points or 2.45 percent further. The Saudi Investment Bank, SABB and Alinma Bank played well, advancing 4.19 percent, 3.68 percent and 3.42 percent respectively. Alinma with trades over 44.6 million shares also topped the volume chart, closing the day at SR 13.6. It captured 19.4 percent of the total volume set sold at Tadawul.
On the negative side, four sectors ended in red, trimming roughly 60 points for the day. Insurance sector posted the largest losses, falling 1.67 percent to 1,320.51.
The advancers outnumbered declining stocks on the Tadawul (market); as for 55 percent stocks that gained, 32 percent ended lower and 13 percent remained unchanged.
Dallah Healthcare Holding Company made the biggest jump among all Saudi equities, surging by 6.34 percent to close at SR 75.5.
On the other hand, Amana Cooperative Insurance has been showing a volatile performance for the previous few days, flip-flopping in the top and worst positions consecutively. Again the company plunged to a maximum of 9.95 percent to SR 99.5.
Seven out of top ten heavyweight equities finished to the upside, with Al-Rajhi Bank increasing by 3.27 percent, bellwether SABIC (Saudi Basic Industries Corp.) 2.15 percent and Samba Financial Group 1.73 percent.

What's happening around Saudi Arabia

JEDDAH: Demand for housemaids is so high in the holy month that illegal domestics, working in violation of residence and labor laws, can easily draw a salary of SR3,000 during Ramadan.Due to difficulties in the recruitment process, Saudis are left wi...
JEDDAH: Custodian of the Two Holy Mosques King Salman has condemned the terror attack on several military checkpoints in Egypt’s North Sinai and expressed his condolences to President Abdel Fattah El-Sissi, SPA reported. In a cable to El-Sissi, the k...
Custodian of the Two Holy Mosques King Salman prays inside the historic Quba Mosque in Madinah. The king was accompanied by Prince Muqrin, Sheikh Abdul Rahman Al-Sudais, head of the Presidency of the Two Holy Mosques and Prince Sultan bin Salman, ch...
JEDDAH: Shop rentals at certain malls have risen by 200 percent, with this cost likely to be passed on to the consumer, the Jeddah Chamber of Commerce and Industry (JCCI) said here recently. Muhammad Al-Shehri, chairman of the JCCI’s textiles and gar...
JEDDAH: People with special needs can now visit a park that has dedicated services for them.Jeddah Mayor Hani Abu Ras opened Al-Erada Park in Al-Salama district on Prince Sultan Street on Thursday.“The Kingdom provides special care for people with di...
JEDDAH: Is involvement in social media the right thing or wrong, particularly in the month of Ramadan? There is a difference of opinion with some arguing that it eats into the time that should be spent praying while some backing it for its religious...
RIYADH: The Argentine government has thanked the Kingdom for previously hosting its Umrah pilgrims for free.“They were part of a group invited by then Custodian of the Two Holy Mosques King Abdullah,” said Ambassador Jaime Sergio Cerda on Thursday.“T...
RIYADH: The Ministry of Education’s counseling department has approved the Rifq Program for the physical and psychological well-being of students.Nabil Mohammad Al-Budair, director of counseling for boys, said the program aims to reduce violence in p...
RIYADH: Sales of fireworks at public markets and main roads in Riyadh have increased during Ramadan, despite the Ministry of Commerce and Industry announcing a SR5,000 reward for anyone providing information about warehouses storing these dangerous i...
RIYADH: The General Organization for Social Insurance (GOSI) has reported that there were 69,241 work-related accidents in 2014, with expatriates making up 65,509 or 94.6 percent and Saudis 3,732.The accidents were in nine sectors with building and c...
JEDDAH: The Health Ministry’s expenditures over the past five years increased from SR29.29 billion to SR53.73 billion, an increase of about 83 percent.According to a study detailing the ministry’s expenditures between 2008 and 2012 issued by the mini...
RIYADH: Five people from the southern Indian state of Kerala were killed in a road accident at Salwa near Dammam in the Eastern Province early Thursday morning.Manoj Kumar, community welfare attache at the Indian Embassy, told Arab News that the vict...
MAKKAH: The government has deployed eight helicopters over Makkah to track the movement of vehicles and people, and assist in security tasks and medical evacuations.Maj. Gen. Mohammad Al-Harbi, commander of the Interior Ministry’s aviation security d...
JAZAN: A Yemeni woman (A.M.) has once again experienced freedom and a renewed sense of hope in life after reuniting with her family last week on her release from Jazan General Prison, where she spent six years on charges of murder of a citizen in the...
RIYADH: A delegation from the Kingdom recently visited the United Arab Emirates (UAE) to explore that country’s successful experience in tourism, in a bid to further develop the sector. Saudi Arabia has been making all-out efforts to promote tourism,...

Stay Connected

Facebook