Tadawul index breaks 7,000-point barrier


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

JEDDAH: The government has banned the use of liquefied petroleum gas (LPG) for cooking at the holy sites during the Haj this year. Vice Custodian of the Two Holy Mosques Mohammed bin Naif, interior minister and president of the Supreme Haj Committee,...
RIYADH: The Ministry of Health has launched a program to vaccinate all public and private sector workers on Haj duty this year.Launching the program at the ministry’s headquarters here on Thursday, Tarif Al-Ama, undersecretary for treatment services...
JEDDAH: Makkah Gov. Prince Khaled Al-Faisal was briefed Thursday about Murooj Jeddah residential project, located in the eastern part of the governorate. Representatives of the Jeddah Development and Urban Regeneration Company, the executing company...
ANKARA: The Kingdom plans to highlight the country’s economic progress and influence globally at the meeting of G-20 Ministers of Labor and Employment here this week, said Mufrej Al-Haqabani, Saudi Arabia’s labor minister. In a statement to the Saudi...
JEDDAH: The Ministry of Haj in Madinah has employed women workers for the first time.Six women have been employed to work only during the Haj season, on the orders of Bandar Hajjar, the Haj minister, said Mohammed Al-Bijawi, director of the ministry...
JUBAIL: The Educational Services Department of the Royal Commission for Jubail (RCJ), represented by Al-Rowad Smart Secondary School, has distributed iPad to all new students at the beginning of the new school year.Mohammed Al-Hajri, director of the...

Stay Connected