Agriculture, transport sectors dominate trading



JEDDAH: ARAB NEWS

Published — Monday 9 September 2013

Last update 8 September 2013 9:46 pm

| نسخة PDF Print News | A A

The Saudi stock market bucked the three-day downward trend and turned green yesterday.
Despite an upward jump of nearly hundred points after the opening bell, the Tadawul All-Share Index (TASI) finished with a nominal gain 0.02 percent, closing at 7,635.66.
Nine out of Tadawul's 15 sectors ended the day in green territory, accumulating 171 points collectively. Remaining six sectors lost an aggregate of 186.8 points for the day. Sectoral performance was dominated by Agriculture and Transport sectors, offsetting their performance by more than one percent positive-negative change.
Top ten heavyweights closed the day in mixed territories, showing small changes from previous day's level. Market leader SABIC (Saudi Basic Industries Corp.) with half percent upward jump remained prominent among large caps.
Advancing stocks outnumbered decliners by a margin of 71 to 59 and the prices of 27 companies remained unchanged.
Saudi Arabian Cooperative Insurance (+8.51 percent) and Al Babtain Power & Telecommunication (+5.86 percent) showing notable gains became the top performers among all Saudi companies.
On the other hand, Share price of Saudi Transport and Investment Company dived to a maximum decline of 10 percent, closing the day at SR44.1.
Market activity remained roughly 22 percent lower than previous level. More than 162 million shares worth SR4.0 billion changed hands on the Saudi stock market. The 50-day average for trading volume is closer to 205.5 million shares.
Trading activity was led by Dar Alarkan Real Estate Development, which liquidated more than twenty million shares, a relative market share of 12.6 percent. But the company went downward, declining 1.09 percent and closing below its par value.
While, Aljazira Takaful Taawuni Company continued its most liquid status, pumping a liquidity of SR344.6 million.

What's happening around Saudi Arabia

JEDDAH: The Saudi man who carried out a suicide bombing at a mosque in Kuwait on Friday had no previous convictions for terrorism, the Interior Ministry said.The ministry, through its Twitter account, announced that Fahad Suleiman Al-Gabbaa was born...
JEDDAH: Eight million people visited the Grand Mosque in the first 10 days of Ramadan, a 49 percent increase from last year, the Haj and Umrah Directorate said recently.Salah Saqr, director of the directorate, said the transport plan was approved and...
JEDDAH: The government has installed 5,000 high-definition cameras on all floors and courtyards of the Grand Mosque to ensure security and crowd control.These cameras are monitored 24 hours a day by officers at a control center in Mina. They have to...
GENEVA: Saudi Arabia has welcomed the report of the International Fact Finding Commission on Israeli aggression in Gaza and has lauded its effort to prepare the report despite noncooperation from Israel which did not allow the committee to do its wor...
JEDDAH: Several Yemenis have praised the government for correcting their status quickly, which created no extra burden while fasting.Many who gathered in front of the Passport Department in Asir said everything was in place for them, a local newspape...
RIYADH: The $11.6 billion King Abdullah Financial District (KAFD) is already being admired for being a smart city but nobody can tell when it will be completed.“Being a smart city, everything is state-of-the-art. There is seamless Internet access and...
RIYADH: In a new move, the Ministry of Health will conduct drug tests on all drivers ferrying pilgrims between Makkah and Madinah during the Haj season.The decision was taken at a Haj preparatory meeting held on Sunday under the chairmanship of Imad...
JEDDAH: Motorbikes are among the most important means of transportation in Makkah during Ramadan because they are easy to use and cope easily with congestion in the central area next to the Grand Mosque. Despite the presence of public transportation,...
JEDDAH: A local man here runs a business started 150 years ago by his grandfather making sought-after Hijazi sweets for Eid and other festivals.Samer Jastaniah, 35, has three family shops making these products. “I am the grandson of the doyen of swee...
RIYADH: Saudi students have won six medals — a gold, a silver and four bronze — at the 19th Junior Balkan Mathematical Olympiad (JBMO 2015), securing the fifth place for the nation, as against 13th in its first participation in 2013.Rinad Abu-Jamal f...
Ambassador of Belgium Geert Criel:— Which particular aspect of Saudi Arabia you like the most? The friendliness of its people.— What is your favorite and oft-repeated Arabic word? Ahlan wa Sahlan.— Which book is by your bedside these days? World Orde...
AL-AHSA: Saudi farmers here need more support to buy fertilizers, medicines and equipment, and market their products.This is the view of Ahmed Al-Musalmi, who recently won the country’s ‘Ideal Farmer Award.’ He said high production costs and low mark...
JEDDAH: The Commission of the Promotion of Virtue and Prevention of Vice (Haia) has launched 20 initiatives aimed at improving the professionalism of employees and limiting individual interpretations and actions while carrying out duties.Sheikh Abdul...
RIYADH: Medical studies and research for new methods in the treatment of chronic diseases suggests that fasting could help combat cancer and boost effectiveness of treatment.Scientists doing research on the positive aspects of fasting discovered that...
RIYADH: The Ministry of Education has announced that Saudi universities would accept 95 percent of high school graduates, despite a royal decree four years ago setting a ceiling of 70 percent.The royal decree had approved the “Afaq Project,” a strate...

Stay Connected

Facebook