Dallah shares up 51.32% on debut



JEDDAH: ARAB NEWS

Published — Tuesday 18 December 2012

Last update 18 December 2012 5:16 pm

| نسخة PDF Print News | A A

The Tadawul All-Share Index (TASI), reflecting a series of ascending tops, edged higher by 0.29 percent to 6,870.98 points yesterday. On a year-to-date basis, the index crossed a positive return of 7 percent.
Saudi sectors indices performed in a mixed fashion, with eight sectors accumulating an aggregate of 245.4 points and seven sectors trimming 174 points collectively.
Petrochemical Industries and Energy sectors were major gainers, which marginally increased by 0.76 percent and 0.71 percent respectively.
Media and Publishing sector, on the contrary, delivered a largely negative performance, slipping 2.19 percent for the day.
The market breadth with advance-decline ratio of 1.2:1 remained favorable.
Dallah Healthcare Holding Company shares began trading on Tadawul yesterday with the opening price of SR51.25. Its shares closed at SR57.5. On first day it recorded a gain of 51.32 percent. It also dominated the trading activity by liquidating more than 35.2 million shares, which equates 17.3 percent of overall market volume. The value of these shares totaled SR 1.95 billion, a relative market share of 28.8 percent.
Furthermore, Allied Cooperative Insurance Group showed the best performance among all Saudi stocks, surging by 9.67 percent to close at SR 59.5.
Top ten heavyweights also ended the day in green, with Kingdom Holding rising by 1.71 percent, SABB 0.96 percent and Saudi Electricity Co. (SEC) 0.75 percent. However, Saudi Arabia Fertilizers Co. (SAFCO) and Mobily ended without any change.
Market participants responded positively for the day. More than 203.6 million shares worth SR6.8 billion changed hands on the Saudi stock market. Tadawul turnover reflected an increase of 29.7 percent, surpassing previous day's SR5.2 billion.

 

What's happening around Saudi Arabia

Huge projects change the faces of cities and great ambitions help create such projects. Madinah had its date with a quantum leap to usher in a new era of urban development. Such huge projects help achieve formidable civilization advancements and sign...
RIYADH: The Japanese ambassador to the Kingdom, Noriheiro Okoda, has held a meeting with Hashem Abdullah Yamani, president of the King Abdullah City for Atomic and Renewable Energy (K.A.CARE), and discussed bilateral cooperation in the fields of atom...
AL-BAHA: Forty three percent of Al-Baha cannot be developed easily because of the region’s mountainous terrain.This is the view of Khaled Al-Sayegh, undersecretary for construction at the municipality, who was speaking at an event held at the College...
JEDDAH: An official at the Council of Saudi Chambers said the council’s members are discussing a regulation to submit to the Ministry of Labor and other government agencies to deny a number of privileges to companies that force its labor to work unde...
ABHA: With many families wanting new furniture during Ramadan, furniture and interior decorating shops are raising prices to more than double what they were before the month.Homeowner Zaina Mohammed says she used to change her home furniture every Ra...
RIYADH: Saudi Commission for Tourism and National Heritage (SCTNH) President Prince Sultan bin Salman described the first visit by Custodian of the Two Holy Mosques King Salman to Madinah as “historic.”In his comments following the visit which saw th...
MADINAH: Economists expected the volume of investments in Madinah’s economies during the coming few years to reach SR500 billion.The forecasted growth in the population, to reach 2.6 million people after 25 years, and the number of visitors to 12.2 m...
JEDDAH: It seems that many Saudi families are gradually coming to terms with the new reality of living in apartments, as building villas is not possible due to shortage of appropriate land.With the increasing display of housing units by the Ministry...
RIYADH: Migrant rights advocacy group Migrante-Middle East (M-ME) has lambasted their country’s leadership over the claim that the number of overseas Filipino workers are declining due to sustained economic growth in the Philippines.The group has cal...
RIYADH: A charitable foundation called “Smile” will be launched on Sunday night at the Al-Hokair Land in the Saudi capital to make people happy. “The foundation will be launched to make Saudi Arabia a center of smiles,” well-known television host and...
MAKKAH: The Kingdom has seen a sharp rise in the number of Umrah pilgrims to around 6 million from 1.5 million in the last 16 years. Moreover, the number of pilgrims overstaying their visas has come down to about 1 percent. The Ministry of Haj has be...
RIYADH: The King Khalid Foundation (KKF) said here recently that it has financed small enterprises (SMEs) run by 130 widows in some of the Kingdom’s provinces.KKF hosted an iftar party last week for local media at its headquarters in Riyadh at which...
JEDDAH: Prince Abdullah bin Abdul Aziz bin Musaed, governor of the Northern Borders province, has died.He will be buried after Taraweeh prayers in Jeddah on Saturday, the Royal Court said in a statement carried by the Saudi Press Agency. No other det...
RIYADH: The Ministry of Education has suspended all parallel education programs, except in medical and engineering specialties, as well as bridging programs for health diploma certificates.Education Minister Azzam Al-Dhakil gave directions to the rec...
RIYADH: The Cooperative Health Insurance Council said it had suspended operations of six medical insurance companies for violating health insurance regulations by issuing insurance policies without completing the required documentation and violating...

Stay Connected

Facebook