Tadawul Index up but volume falls



ARAB NEWS

Published — Sunday 5 May 2013

Last update 5 May 2013 6:42 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) spending almost entire session above the breakeven line edged higher to 7,214.06, up 38.7 points or 0.54 percent from previous level.
It performed within a trading range of 44 points yesterday.
All market cap indices finished to the upside, with Micro Cap advancing nearly one percent.
Thirteen out of Tadawul’s fifteen sectors extended gains, reflecting an accumulation of 433 points.
Industrial Investment and Cement were best performing sectors of the day, surging by 1.2 percent and 1.1 percent respectively.
Only Agriculture & Food Industries sector could not manage for gains, trimming less than ten points for the day. Energy & Utilities sector ended without any change.
Most of heavy weights rose from previous day’s levels, with market leader SABIC (Saudi Basic Industries Corp.) surging by 1.66 percent and Kingdom holding 0.88 percent.
SABIC with a liquidity of SR 325.5 million also topped the value chart, reflecting a relative market share of 6.3 percent and closing at SR 91.75.
The advancers outnumbered declining stocks on the Tadawul (market); as for 68 percent stocks that gained, 21 percent ended lower and 11 percent remained unchanged.
Share price of National Agriculture Marketing Co. rallied to a maximum growth of 10 percent, clinching the spot as top gainer amongst Saudi stocks.
The company with a turnover SR 319.5 million positioned itself among the most liquid stocks, closing the day at SR 46.2 and ranking second.
Arabia Insurance Cooperative Company and National Gypsum Company were other significant gainers, moving up by 7.64 percent and 6.67 percent respectively.
Tadawul volume went down by 13.4 percent and traded 179.4 million shares as compared to previous day’s 207.2 million shares.
The 50-day average for trading volume is closer to 204.4 million shares.

What's happening around Saudi Arabia

JEDDAH: A total of 172,000 pilgrims have arrived via 861 flights from around the world at King Abdulaziz International Airport so far, said Turki Al-Theeb, the airport’s director of media and public relations.He said the number of Haj flights are exp...
RIYADH: Saudis from all walks of life are hopeful that the visit of Custodian of the Two Holy Mosques King Salman to the United States this week will strengthen relations between the two countries and ensure a peaceful and stable Middle East.Shoura C...
JEDDAH: Security forces killed a terrorist who tried to attack a security facility in Abqaiq on Friday, the Interior Ministry said.Sgt. Ali Al-Habeeb, 47, was killed during the confrontation with the attacker, identified as Nawaf Manahi Shabib Al-Ota...
ANKARA: Labor Minister Mufrej Al-Haqabani has said that unemployment among Saudis is relatively high, pointing to the negative impact of retreating oil prices on the economy and labor market. He confirmed that the Kingdom was continuing with the impl...
JEDDAH: The country’s newly elected municipal councils should have a say in selecting mayors and secretaries general of cities, participants at a Municipal Councils Forum suggested on Thursday.They proposed that the councils should compile a list of...
DAMMAM: Many Saudis have complained that while the Kingdom has attractive local tourist spots, several charge high prices, offer poor services and lack proper hygiene.They said that Taif, Abha, Baha, Jeddah and the Eastern Province have popular resor...

Stay Connected

Facebook