Retail sector surges 1.37%


Published — Thursday 16 May 2013

Last update 16 May 2013 4:03 am

| نسخة PDF Print News | A A

The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.
After falling over 53.9 points during the session it bottomed out at 7,090.12 points level and started to rise again and finally crossed the break-even line.
The market cap indices ended the day in mixed territories.
Sector indices performed in a mixed fashion, with eight sectors accumulating an aggregate of 227 points and seven sectors trimming 145.7 points jointly.
Retail showed the best performance among sectoral indices, rising 118.6 points or 1.37 percent to close the day at 8,773.43. Real Estate Development was other significant advancer which gained 1.01 percent for the day.
Media and Publishing sector, on the other hand, posted the largest losses, falling 2.2 percent to 2,923.21.
Insurance sector also continued its downward fall, declining further by 1.72 percent and closing at 1,147.69.
Again heavyweights’ performance remained almost balanced with small positive/negative changes.
The market breadth remained unfavorable, with 48 stocks witnessing advances and 86 others marking a decline.
Saudi Indian Company for Co-operative Insurance (WAFA Insurance) dominated the top gainers chart at Tadawul, surging by 6.78 percent to finish at SR 126.
Market activity was high, specifically SR 6.0 billion were poured into the market. Trading volume was impressive, with about 225 million shares changed hands in the market, a significant 24.3 percent growth over the previous level. The 50-day average for trading volume is closer to 201.4 million shares.
Jabal Omar Development Company and Bank Albilad were significant gainers among most active stocks, moving upward by 2.3 percent and 1.3 percent respectively.
Albilad with trades over 21.9 million shares worth SR 525.5 million topped the volume and value charts, capturing 9.7 percent of the overall market volume.

What's happening around Saudi Arabia

JEDDAH: Labor Minister Mufrej Al-Haqabani has launched a series of electronic projects and facilities provided to the private sector companies, the SPA reported on Sunday.The projects and facilities include electronic visa issuance for the distinguis...
RIYADH: A high-powered team of officials from the Ministry of Health visited the hospitals in Jazan in the southern border to ensure services are in place to serve the patients in the region.The group of officials, comprising Dr. Nahar Al-Azmi, Dr. T...
YANBU: Like many Saudi women, Amani dreamt of becoming a mother, but was unable to have children of her own after many years of marriage. Therefore, she decided to spend her time taking care of orphans with special circumstances in Makkah.However, th...
RIYADH: A total of 43 warehouses were shut down in Jeddah for failing to take safety and health measures.Officials of the general department of Civil Defense in Jeddah carried out inspection at 165 industrial complexes in the industrial zone recently...
JEDDAH: A quarrel between two girls at the Al-Zahour Orphanage in Makkah took a violent turn recently, with one of them reportedly using a sharp instrument to attack the other and injuring her.The attacker was sent to a correction center, while the i...
RIYADH: A woman and three men died on Sunday after contracting the Middle East Respiratory Syndrome coronavirus (MERS-CoV) in Riyadh, bringing the total number of deaths to 507 since June, 2012.According to the latest report issued by the Ministry of...

Stay Connected