Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Tadawul: Media and real estate stocks stay in the limelight  Join our daily free Newsletter

MENAFN - Arab News - 10/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) After spending a couple of flat sessions saudi arabia's benchmark tadawul all-share index (tasi) achieved 42 points gain on thursday.

the index closed up by 0.43 percent to finish at 9787.03 reflecting a double top. tasi also logged a healthy ytd return of 14.66 percent.

all market cap indices ended in the safe area. most of the major sectors closed in the green territory accumulating an aggregate of 719 points. only cement industrial investment and telecom sectors could not manage for gains going down a little and losing 66 points collectively.

media and publishing with an upward jump of 1.73 percent remained prominent among sectoral indices closing the day at 4590.04. real estate development sector was another significant gainer which advanced 111.6 points or 1.68 percent.

most of heavyweights extended gains with riyad bank outdid rest of its peers growing over two percent to sr37.47. the bellwether sabic (saudi basic industriesorp.) closed the day up 0.67 percent. advancing stocks outnumbered decliners by a margin of 74 to 50 and the prices of 36 companies remained unchanged.



amana cooperative insurance topped the performance chart at tadawul surging by 6.76 percent to sr37.86. furthermore dallah healthcare holding company rose by 4.18 percent and bupa arabia for cooperative insurance 4.0 percent. both companies' shares raced to a new all-time high.

trading activity was led by dar alarkan real estate development company which liquidated roughly 75 million shares a relative market share of 21.4 percent. the value of these shares reached over one billion riyals which equates 9.5 percent of total market liquidity.

market activity remained 5 to10 percent greater than previous level.

more than 348.9 million shares worth sr10.6 billion changed hands on the saudi stock market.

the 50-day average for trading turnover is closer to 333.7 million shares worth sr9.8 billion.


 


Arab News




  MENA News Headlines
 Dec 9 2016 - UAE packaging paper industry to grow by 5pctMENAFN
(MENAFN) UAE paper and packaging industry is increasing fast in the MENA region, reaching a market valued at USD2.3bn and will remain an annual growth rate of 5 percent till 2019.Meanwhile, Paper ...

 Dec 9 2016 - Qatar aims USD13bn investment in infrastructure projectsMENAFN
(MENAFN) Qatar is ready to pump almost USD13bn on mega infrastructure projects in the country in the coming year with a main focus on projects related to the FIFA World Cup 2020.Moreover, the country ...

 Dec 9 2016 - GCC, UK confirm to make closer tiesMENAFN
(MENAFN) A mutual summit between GCC leaders and British Theresa May confirmed to launch the GCC-UK Strategic Partnership to enhance relations in all fields.Moreover, UK will spend more than 3bn euro ...

 Dec 9 2016 - Qatar expected to have 912,000 cars by 2020Gulf Times
(MENAFN - Gulf Times) The number of passenger cars in use in Qatar is expected to reach about 912,000 units by 2020, registering the highest annualised growth of 5.4% in the Gulf Co-operation Council ...

 Dec 9 2016 - Prime Minister condoles with Moroccan PMGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani held a telephone conversation with the Prime Minister of Morocco Abdelilah Ben ...

 Dec 9 2016 - Qatar believes in protecting religious freedom: MinisterGulf Times
(MENAFN - Gulf Times) HE the Minister of State for Foreign Affairs, Sultan bin Saad al-Muraikhi chaired Qatar's delegation to the Ninth Bali Democracy Forum, which kicked off in Bali, Indonesia, ...

 Dec 9 2016 - Qatar- Commercial Bank participates in prestigious CSR conferenceGulf Times
(MENAFN - Gulf Times) Commercial Bank, Qatar's first private bank, has participated at the annual Corporate Social Responsibility (CSR) Conference for organisations in Qatar. The CSR Conference, ...

 Dec 9 2016 - Qatar- Prime Minister honours persons with disabilitiesGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani attended a ceremony held by national institutions to support persons with ...

 Dec 9 2016 - MEC recalls KIA Optima 2016 modelGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC) has announced a recall of Kia Optima, model year 2016, due to a noise in the right front axle drive shaft. The recall is being ...

 Dec 9 2016 - Qatar- Ooredoo urges public to download 'Inland Sea' applicationGulf Times
(MENAFN - Gulf Times) Ooredoo has urged those who travel or camp at the Inland Sea to download its recently-updated desert navigation app as the camping season comes to full swing. The ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help