Tadawul continues to decline further



ARAB NEWS

Published — Thursday 15 November 2012

Last update 15 November 2012 5:52 am

| نسخة PDF Print News | A A

JEDDAH: The Tadawul All-Share Index (TASI) continued stepping downward on its last trading day of the week yesterday, flip-flopping between green-red within a range of 37.2 points. The index ended lower to 6,816.93 level, down 11.26 points or 0.16 percent further.
Its year-to-date (YTD) 2012 gains reduced to 6.22 percent.
Among market cap indices only Large cap was able to close a little higher, as major heavy weights including Kingdom Holding, Mobily and SABIC (Saudi Basic Industries Corp.) closed green, advancing 2.13 percent, 0.67 percent and 0.55 percent respectively.
Most of the sector indices ended negatively, with nine sectors paring an aggregate of 336 points for the day.
The Media and Publishing sector delivered a largely negative performance for the second consecutive day, slipping 3.57 percent to close at 2,679.44. Insurance sector followed it, shedding 3.15 percent for the day.
The total number of falling stocks exceeded to the total number of rising stocks by a margin of 95 to 37 and the prices of 23 companies remained unchanged.
Share prices of Amana Cooperative Insurance dived to a maximum decline of 9.9 percent, topping the decliner chart for the second straight day.
A reduction of roughly 40 percent in the value of Amana Insurance has been recorded in four consecutive days.

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