Tadawul index slips into red territory

Updated 24 January 2013
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Tadawul index slips into red territory

The Tadawul All-Share Index (TASI) stepped down to 6,998.34 points yesterday, showing a reduction of 9.27 points or 0.13 percent for the entire session. The index slipped into red territory earlier yesterday and plunged to a maximum of 51 points during the last day of week.
Among market cap indices only Micro caps was manage to close a little higher.
Only six out of Tadawul's 15 sectors indices witnessed a positive change, adding nearly 146 points. Remaining nine sectors closed the session in the red territory, trimming 274 points for the day.
Media and Publishing sector remained key gainer of the day, surging 1.33 percent. On the other hand, Hotel & Tourism and Real Estate Development sectors showed the worst performance, declining by 1.35 percent and 1.27 percent respectively.
Top ten heavyweights performed in a mixed fashion. Etihad Etisalat (Mobily), Kingdom Holding and Saudi Telecom Company dropped 0.3 percent each. However, Saudi Electricity Company ended the day with a positive change of 0.73 percent.
Decliners outnumbered the advancers by a margin of 66 to 54 and the prices of 33 companies remained unchanged.
Saudi Industrial Export Company outperformed among all Saudi equities, reflecting an increment of SR 10.25 or 9.92 percent to SR 113.5. The biggest loser of the day was Amana Cooperative Insurance (down 10 percent).
Dar Al-Arkan Real Estate dominated the trading activity at Tadawul. It liquidated more than 35.37 million shares, capturing 16.77 percent of the overall market volume.


Taxi app Careem says it was hacked

Updated 16 min 1 sec ago
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Taxi app Careem says it was hacked

  • The Dubai-based competitor to Uber said in a blog post on Monday that it became aware of the hack on Jan. 14
  • While credit card information remains safe, Careem says that the hackers got access to customers' name, email addresses, phone numbers and trip data

DUBAI: The Mideast taxi app Careem says it has been hacked.
The Dubai-based competitor to Uber said in a blog post on Monday that it became aware of the hack on Jan. 14 and that it affected "computer systems which hold customer and captain account data." Careem refers to its drivers as captains.
While credit card information remains safe, Careem says that the hackers got access to customers' name, email addresses, phone numbers and trip data.
Careem is one of just a few Gulf startups to be valued at $1 billion. The six-year-old company localized the idea of Uber by also allowing customers to pay by cash.
Among its biggest investors is an investment firm chaired by billionaire Saudi Prince Alwaleed bin Talal and the largely state-owned Saudi Telecom Co.