RIYADH, 14 November 2003 — Saudi Arabian shares closed the week yesterday up 0.8 percent as investors shrugged off the negative impact of the bomb attack on a housing compound in Riyadh, Bakheet Financial Advisers (BFA) said.
The Tadawul All-Shares Index (TASI) finished the week at 4106.91 points, up 0.8 percent on last week’s closing of 4074.89 points.
The TASI, which crossed the psychological 4,000-point barrier in mid-August, is now 63.1 percent up since the start of 2003.
Trading in shares of Saudi Electricity Co. (SEC) was brisk, accounting for about 15.2 percent of total market turnover for the week, as the company announced that it will distribute tomorrow a previously announced dividend of 7.983 shares for each 100 shares.
SEC shares closed the week up 1.6 percent. Topping gainers were shares of National Metal Manufacturing and Casting Co. closing up 22.8 percent for the week.
Trading value this week reached about SR10 billion ($2.6 billion), up on last week’s SR8.9 billion ($2.37 billion). The stock prices of 47 companies rose, 15 fell and seven remained unchanged.
Meanwhile, the Kuwait Stock Exchange (KSE) Index on Wednesday closed the week at 4,409.9, down from 4,471.30 points last week, amid correction pressures.
Qatar stock index closed at 720 points, up from 700.81 points last Thursday, while Bahrain’s all-share BSE index closed at 2,263.35, up from 2,240.62 points last week.
