Six-day surge ends at Tadawul



JEDDAH: ARAB NEWS

Published — Sunday 11 November 2012

Last update 11 November 2012 4:41 am

| نسخة PDF Print News | A A

After six consecutive days of trading in the green, the Saudi stock market took a reversal yesterday, dropping a few points.
The Tadawul All-Share Index (TASI) opened with a negative note on its first trading day of the new week, spending entire session in the red territory and reflecting the double bottom yesterday. It closed below the break-even line losing 22.90 points or 0.33 percent to reach at 6,919.06 points level. The index plunged to a maximum of 50 points during the day.
Only four out of Tadawul's 15 sectors witnessed a positive change, accumulating 35 points for the day. Insurance came out as the best performing sector, advancing by 1.78 percent to 1,537.81.
On the negative side, eleven sectors closed in the downward territory, paring an aggregate of 293 points. Multi-Investment sector was a significant decliner, shedding over one percent for the day.
The total number of falling stocks exceeded to the total number of rising stocks by a margin of 87 to 48 and the prices of 19 companies remained unchanged.
Most of heavy weights closed in red, with Kingdom Holding dipping by 2.36 percent, SABB 1.26 percent and Saudi Telecom Co. 0.95 percent. However, Etihad Etisalat Co. (Mobily) and SAMBA Financial Group were able to manage for a gain, moving up by 1.01 percent and 0.42 percent respectively.
Amana Cooperative Insurance recovered from three consecutive declines yesterday and led the top gainers chart at Tadawul, rising by 9.90 percent to close the day at SR 216.5.
The trading activity remained roughly 19 percent lower than that of Wednesday. More than 160 million shares worth SR 4.93 billion changed hands on the Saudi stock market.

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