Tadawul index surges over 1%



JEDDAH: ARAB NEWS

Published — Friday 5 July 2013

Last update 5 July 2013 2:57 am

| نسخة PDF Print News | A A

The Saudi stock market ended yesterday’s trading session solidly in the green.
Saudi Arabia’s benchmark stock index (TASI) recorded a handsome gain of 1.08 percent, closing at 7,668.58. The index continued pacing its way higher throughout the day to achieve 82.3 points in a single session.
On year-to-date basis, the TASI logged an attractive return of 12.75 percent.
The market cap indices all finished to the upside, with Med cap increasing by 1.2 percent.
All sectors extended gains except Media and Publishing, which trimmed less than half percent to close at 2,710.52. Remaining 14 sectors showed a collection of 1,059.7 points jointly.
Industrial Investment and Tourism showed the best performance among sectoral indices, advancing 1.78 percent and 1.61 percent respectively.
There were 98 net advancing issues, a largely strong market breadth.
Astra Industrial Group and Saudi Paper Manufacturing remained at top positions among all Saudi equities, surging by 5.08 percent and 4.59 percent respectively.
Food Products Co., on the contrary, changed its position from the top gainer of previous day to the biggest loser of the day, down SR 2.7 or 7.63 percent.
Top ten heavyweights rose from previous day’s levels, with Samba Financial Group rising by 1.98 percent, SABB 1.58 percent and market leader SABIC (Saudi Basic Industries Corp.) 1.35 percent. SABIC with a liquidity of SR 561.8 million also topped the value chart, reflecting a relative market share of 11 percent and closing at SR 93.5.
Most of the trading was concentrated in Alinma Bank with 21.1 million shares, capturing 13.3 percent of Tadawul volume.
Roughly 159 million shares worth SR 5.1 billion were poured into the market.
Total volume reflected a decrease of 35 percent over the 50-day average level.

What's happening around Saudi Arabia

JEDDAH: The Communication and Information Technology Commission (CITC) on Tuesday said it is not against communication services and applications in the Kingdom, but telecom companies will have to respect the Kingdom’s rules and regulations.The teleco...
RIYADH: The Ministry of Education (MoE) has allocated over 180 clinics for schools in Riyadh and directed all its departments across the Kingdom to recruit health advisers at schools with more than 100 students.Work has already started on introducing...
RIYADH: The Moroccan experience in desert tourism is largely similar to that of Saudi Arabia, which boasts of a unique diversity in culture in its different regions, Prince Sultan bin Salman, president of the Saudi Commission for Tourism and National...
JAZAN: Deputy Crown Prince Mohammed bin Salman visited the advanced field hospital of the Armed Forces in Jazan on Tuesday.He was reassured about the injured in the ongoing battle. He conveyed the greetings of Custodian of the Two Holy Mosques King S...
JEDDAH: The planned “North Thunder” military exercise is a clear message to Iran and the countries in the region it supports that any hostile intentions and actions will be firmly dealt with, an expert has said.The military drill is scheduled to be h...
RIYADH: Syrian conjoined twins will be separated at the King Abdullah Specialist Children’s Hospital at the King Abdul Aziz Medical City (KAMC) in Riyadh on Sunday.According to a KAMC spokesman, the forthcoming surgery will be the fourth and final st...
JEDDAH: Education Minister Ahmed Al-Issa has issued an order to establish a department for school security. It will be be linked organizationally to the general supervisor of school safety and security at the ministry.According to the decision, schoo...
JEDDAH: From delivering mails for Saudi Aramco to captaining Saudi Arabian Airlines’ first flight to New York, Jazza Al-Shammari’s career story is unique.“I started my career as a postman with Saudi Aramco in 1959 and continued the primary studies at...
RIYADH: A team of the King Faisal Specialist Hospital & Research Center (KFSHRC) has identified a gene responsible for cardiomyopathy.Dr. Zuhair bin Nasser Al-Hasnan, KFSHRC medical genetics consultant, said the team conducted a study on a Saudi...
JEDDAH: The Pakistan Welfare Society (PWS) organized a free medical camp and discussion on health for women at the Pakistani Consulate recently.Doctors and specialists diagnosed patients and distributed free medicines to needy patients, and arranged...
JEDDAH: Yemen Vice President and Prime Minister Khaled Bahah has thanked Saudi Arabia for standing by his country during tough times.Speaking at the World Government Summit in Dubai on Tuesday, he said: “Our GCC brothers, particularly Saudi Arabia, s...
RIYADH: Saudi Arabia joined the rest of the world in intensifying public awareness on cancer with activities spread over the week supporting the global cause that aims to save millions of lives every year by raising awareness and education about the...
RIYADH: Chairman of ACWA Power International Mohammed Abu Nayyan thanked King Mohammed VI of Morocco for personally inaugurating Morocco’s first solar power plant, Noor1, built by an international consortium led by his company.“We were extremely priv...
RIYADH: The Ministry of Health is considering imposing an asset declaration as well as an absence of interest conflict testimony on its employees as a measure in fighting corruption.Health Minister Khalid Al-Falih made the announcement at a one-day f...
DAMMAM: Abdussalam Kanniyan, chairman of the International Indian School in Dammam (IISD), has been honored with the “Person of the Year 2015” award by Vatakara NRI Forum, a community group in the Eastern Province.The award was based on his outstandi...

Stay Connected

Facebook