Tadawul index breaks 7,000-point barrier



JEDDAH: ARAB NEWS

Published — Sunday 6 January 2013

Last update 6 January 2013 5:08 am

| نسخة PDF Print News | A A

The Saudi stock market showed impressive gains yesterday. Tadawul All-Share Index (TASI) crossed the 7,000-mark during the day to close at 7,010.00 points, up 69.69 points or exactly one percent.
Investors were able to continue a bull run as prices of Saudi stocks surging up with high turnover. Tadawul total volume set sold about 276.6 million shares (nearly 39 percent greater than previous level). The 50-day average for trading volume is closer to 181.3 million shares.
A considerable amount of liquidity SR 6.7 billion flowed into the market, an increase of 15.3 percent from previous day's SR 5.8 billion.
Most of the trading was concentrated in the Real Estate Development sector, which liquidated more than 71.3 million shares, a relative market share of 25.8 percent.
The market cap indices closed the day in the green zone.
All sectors closed in the upward district, reflecting an accumulation of 873 points. Positive performance was boosted by Media and Publishing sector, which surged 70.94 points or 2.38 percent to close at 3,045.53. Telecom and Real Estate sectors followed it, advancing more than two percent for the day.
Market breadth with advance-decline ratio of 3.4:1 remained extremely strong.
Share price of Amana Cooperative Insurance rallied to a maximum growth of 10 percent to SR 123.75, clinching the spot as top gainer amongst Saudi stocks.
Most of heavy weights also closed in green, with Etihad Etisalat Co. (Mobily) surging 2.28 percent, Saudi Telecom 2.05 percent and Saudi Arabian Mining Co. 1.51 percent.

What's happening around Saudi Arabia

SYDNEY: Amnesty International has demanded that Mustafa Al-Hosawi, a Saudi prisoner at Guantanamo Bay in Cuba, be treated for the torture he underwent at the hands of the CIA.The US branch of the organization sent a message to health officials at the...
JEDDAH: The city’s airport staff saved a 20-year-old woman who tried to throw herself from the upper floor to the mezzanine floor in the southern hall. Sources said the suicide attempt was due to family disputes. Administrators said a supervisor in t...
RIYADH: Education Minister Ahmad Al-Issa has ordered to gradually close down private night schools beginning from the current year. The closure of these schools will be complete by 1439H.Al-Issa’s decision is based on reports of a body, which highlig...
RIYADH: A cross-section of Saudi society on Friday denounced the Jazan massacre that shook the nation on Thursday, when a gunman went on the rampage killing seven education officials and injuring several others in Al-Dair governorate.The culprit, ide...
JEDDAH: Maj. Gen. Awad Al-Balawi, head of the Saudi Border Guard, recently confirmed the expansion of the employment program for women within the border security sector. He said that the sector is entering a new phase as women will be employed in a n...
RIYADH: A medical team of the King Abdullah Specialist Children’s Hospital (KASCH) at the King Abdulaziz Medical City (National Guard) here have successfully conducted the first liver transplant on a baby boy. Fahad Mari Said Al-Sairdh, father of the...
JEDDAH: The Makkah Investigation and Prosecution Board reintroduced the crane crash incident to the Riyadh Investigation and Prosecution Board recently, adding 10 more employees and supervisors from different government agencies before the courts. Th...
JEDDAH: The teacher who gunned down seven education officials in Al-Dair governorate on Thursday had been showing behavioral problems in recent days, Al-Janob Misfer Al-Subhan, director of King Faisal Secondary School in Dharan, was quoted as saying...
JEDDAH: The Human Rights Commission (HRC) is investigating the Nakheel Mall case, in which a girl was beaten up by a group of Haia members, an official of the commission has said. “The HRC is supposed to guarantee the rights of those harmed, whoever...
AL-AHSA: King Faisal University (KFU) in Al-Ahsa is currently studying the possibility of admitting female students to specialize in veterinary medicine, the director of the university, Dr. Abdulaziz Al-Saati, confirmed. He said the matter has been p...
JEDDAH: A fingerprinting campaign, titled “Imprint Homeland,” against extremism and terrorism, was launched at the Jeddah corniche on Thursday night. The drive will cover all the 17 regions of Makkah province.The campaign, initiated by the Makkah gov...
RIYADH: The number of unemployed Saudi nationals reached 647,000 by the end of last year, of whom 56 percent, or 363,800, hold bachelor’s degrees or licenses. Female bachelor’s degree and license holders accounted for three-fourths of unemployed Saud...
RIYADH: Four citizens have been arrested in two murder cases, one of which was a road rage. One of the suspects resisted arrest and even opened fire on the police, but no one was injured.According to the Riyadh police, a clinic informed them that it...
MAKKAH: Thirty percent of male middle school students and 23 percent of female students take some form of drugs, a recent scientific study from the National Center for Youth Research confirmed. The study shows drug consumption rates among students in...
RIYADH: Several government departments participating in a campaign to fight breast cancer in the Eastern Province will offer their recommendations to the Ministry of the Interior to include breast cancer checks for women aged 40 and above as part of...

Stay Connected

Facebook