Media sector stays in limelight



JEDDAH: ARAB NEWS

Published — Monday 25 February 2013

Last update 25 February 2013 6:03 am

| نسخة PDF Print News | A A

The Saudi stock market has been remained under pressure for the previous few sessions in a row as Investors attempted to build new positions by selling and accumulating the equities.
The Tadawul All-Share Index (TASI) continuing its sideways movement inched up to 7,043.65 points yesterday, adding couple of points merely.
It went 16.6 points above and 9.8 points below the break-even line during the day.
Among market cap indices only Med cap was able to close a little higher.
Five out of Tadawul's 15 sectors witnessed a positive change. Remaining twofold sectors closed in the downward territory, paring an aggregate of 124 points for the entire day.
Media and Publishing outdid rest of the sectors for the second consecutive day, surging 3.8 percent further and finishing near 3,000-mark. Agriculture & Food Industries followed it, advancing more than one percent.
On the other hand, Insurance sector continued its negative movement, declining roughly one percent to 1,232.23.
Most of heavy weights closed a bit lower with Kingdom Holding falling 1.2 percent and SABB 0.9 percent for the day. Al-Rajhi Bank, however, continued its positive movement, posting another 0.4 percent growth.
The market breadth with advance-decline ratio of 0.53:1 remained unfavorable.
Saudi Printing & Packaging Co. turned in a splendid performance among all Saudi stocks, soaring up 9.8 percent to close the day at SR 40.4.
Weqaya Takaful insurance also sustained an upward momentum for the fifth consecutive session, rising over four percent and ranking second.
Share trading activity remained high as compared to previous day; turnover went up by 33.5 percent on volume basis and 32.3 percent in terms of value.
More than 252.5 million shares worth SR 6.2 billion changed hands on the Saudi stock market.

What's happening around Saudi Arabia

The Kingdom has shared very friendly relations with the United States since the beginning of bilateral ties in the 1930s when full diplomatic relations were established. Despite all the ups and downs in recent years on certain policies, especially on...
AL-NAIRIYA: Women in Al-Nairiya governorate have called on the government to only allow gender-based voting because they believe this would allow women to get places on the new municipal councils.Nouf Al-Otaibi, a businesswoman in the area, said men...
RIYADH: Women in Saudi Arabia have been allocated a package of services to ensure their development and employment, Labor Minister Mufrej Al-Haqabani said Tuesday.The minister was speaking at the first panel discussion at the second National Business...
JEDDAH: Security authorities in Turaif in the Northern Border Province have arrested a young man in his 20s for killing his parents and wounding his siblings at their house on Wednesday.The arrested man reportedly used a sharp object to kill his pare...
The Date and Palm Festival, organized by the Royal Commission for Jubail (RCJ) at the Al-Fanateer waterfront in Jubail Industrial City, has received more than 90,000 visitors since its launch last Thursday.In addition, on Sunday the event received mo...
JEDDAH: Over two million animals would be available for slaughter this Haj season, according to the Jeddah Chamber of Commerce and Industry (JCCI).Suleiman Al-Jabri, chairman of the JCCI’s livestock traders committee, said that more than 1 million sh...

Stay Connected

Facebook