Tadawul index down 0.2%, with Southern Cement rising to 4 year high

Tadawul index down 0.2%, with Southern Cement rising to 4 year high
Visitors look at stock price information displayed on a digital screen inside the Saudi Stock Exchange, also known as the Tadawul, in Riyadh, Saudi Arabia, April 10, 2018. (Getty Images)
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Updated 03 December 2020

Tadawul index down 0.2%, with Southern Cement rising to 4 year high

Tadawul index down 0.2%, with Southern Cement rising to 4 year high
  • Tadawul All Share Index closed at 8,675 points amid $2.98bn turnover
  • Southern Cement rose more than 2 percent to reach SAR 79.80

Saudi equities ended the session today with the benchmark Tadawul All Share Index (TASI) declining marginally by 0.2 percent, or 19 points, to 8,675.

Total turnover reached SAR 11.2 billion ($2.98 billion), with advance-decline ratio at 81:104.

Southern Cement rose more than 2 percent to reach SAR 79.80 – its highest close in four years. 

Naseej led the day’s maximum gains, while shares of Baazeem recorded its highest close since listing at SAR 74.80 (+2 percent)

On the other hand, shares of Al Rajhi Bank declined by 1 percent at SAR 74.

Shares of Riyad Bank, Saudi Electricity, Saudi Kayan, Sulaiman Al Habib and Al Othaim Markets ended their trading today with a decline in rates ranging between 1 percent and 2 percent.

Anaam Holding led today’s maximum decline for the second consecutive session to close at SAR 138.80.

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China was largest recipient of FDI in 2020 — Report

China was largest recipient of FDI in 2020 — Report
Updated 21 min 1 sec ago

China was largest recipient of FDI in 2020 — Report

China was largest recipient of FDI in 2020 — Report
China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows.
China’s $163 billion in inflows last year, compared to $134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday.
In 2019, the United States had received $251 billion in inflows and China received $140 billion.
China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated.
China’s gross domestic product grew 2.3% in 2020, official data showed last week, making China the only major economy in the world to avoid a contraction last year.
The world’s second-largest economy has surprised many with the speed of its recovery from the coronavirus jolt, especially as policymakers have also had to navigate tense US-China relations on trade and other fronts.
Overall, global FDI had collapsed in 2020, falling by 42% to an estimated $859 billion, from $1.5 trillion in 2019, according to the UNCTAD report.
“FDI finished 2020 more than 30% below the trough after the global financial crisis in 2009,” the UNCTAD said on Sunday.
FDI flows fell by 37% in Latin American and the Caribbean, by 18% in Africa, and by 4% in developing Asia, the report added.
East Asia accounted for a third of global FDI in 2020, while FDI flows to developed countries fell by 69%.