Tadawul index slips into red territory



JEDDAH: ARAB NEWS

Published — Thursday 24 January 2013

Last update 24 January 2013 3:33 am

| نسخة PDF Print News | A A

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.

What's happening around Saudi Arabia

JEDDAH: Jeddah police have closed all entry points into Makkah to prevent undocumented pilgrims from entering the holy city during this year’s Haj, in a bid to prevent overcrowding that could lead to health and safety problems.Officials have taken ac...
JEDDAH: The Bureau of Investigation and Public Prosecution recently charged three young men in the harassment case at the Jeddah corniche. A number of young men were arrested for harassing two Saudi girls at the corniche a day after Eid Al-Fitr.A vi...
JEDDAH: A total of 232 people injured in Sunday’s Aramco compound fire in Alkhobar have been discharged from hospitals here, the Eastern Province Health Department announced on Tuesday.Fifty-seven are still receiving treatment at four hospitals, with...
RIYADH: The Directorate of Education in Riyadh is keeping a close watch on schools, such as sanctioning health material and monitoring the health of staff and students, to prevent the spread of the MERS coronavirus among students. As a step in this...
RIYADH: The Ministry of Municipal and Rural Affairs has announced new legislation for the Dec. 12 elections, including fines and imprisonment for failure to disclose candidate financing, obstructing procedures or officials, and fraudulent activity.Vi...
JEDDAH: The low turnout of Saudis registering for the municipal elections is likely caused by the poor performance of previous councils, lack of a voting culture, inadequate understanding of the duties of councils, and the timing of the elections wit...

Stay Connected

Facebook