Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Al-Qura Alhokair shares dip first time after debut  Join our daily free Newsletter

MENAFN - Arab News - 07/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi Arabia's Tadawul All-Share Index (TASI) continued its positive drive marking another gain of 0.66 percent on Sunday. While curving in the upward territory throughout the day it added further 64.22 points closing at 9752.16.

With this increment TASI's year-to-date return exceeds 14 percent.

Large cap remained prominent among market cap indices recording a daily growth of 0.8 percent.

Most of heavyweights extended gains with Saudi Electricity Co. outdid rest of its peers surging over three percent to close at SR16.29. The bellwether SABIC (Saudi Basic Industries Corp.) rose by 1.3 percent.

12 out of Tadawul's fifteen sectors finished to the upside reflecting an accumulation of 765 points. Energy & Utilities sector advanced 153.7 points or 2.63 percent over the day posting the biggest gains among all sectors. Agriculture and Petrochemical sectors followed it gaining more than one percent.

Market breadth was positive with 82 stocks witnessing advances and 57 ohers marking a decline. Bupa Arabia for Cooperative Insurance stepped up to occupy the top position soaring up 9.8 percent for the session.


Bupa shares raced to an all-time high of SR100.5 before closing at SR100.47.

On the other hand new player Umm Al-Qura Cement Company has fallen prey to profit-taking after sequential run-ups (15 consecutive wins since its debut on Tadawul).

The company plunged by 9.85 percent closing at SR36.25. But it appeared to be the most active stock of the day liquidating 17.5 million shares.

While recently traded Abdulmohsen Alhokair group topped the liquidity chart pumping SR1.34 billion into the market.

But the group also closed in red declining more than two percent.

Tadawul volume went down by 11.5 percent and traded 202.9 million shares as compared to previous day's 229.1 million shares. Roughly SR7.5 billion were poured into the market.

Total turnover remained below the 50-day average level ranging from 23 percent to 33 percent.


 


Arab News




  MENA News Headlines
 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

 Sep 29 2016 - Global Facial Injectable Market 2016 Technological Innovations, Revenue Share, Opportunities, Trends and Forecast- 2027MENAFN Press
(MENAFN Press) Global Facial Injectable Market 2016 Technological Innovations, Revenue Share, Opportunities, Trends and Forecast- 2027 Market Research Future Global Facial Injectable Market ...

 Sep 29 2016 - Salad Dressing: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Salad Dressing: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Salad Dressing Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September 29, 2016 ...

 Sep 29 2016 - Global 3d vr virtual reality glasses Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global 3d vr virtual reality glasses Market 2016 Share, Trend, Segmentation and Forecast To 2020 conditions, including the product price, profit, capacity, production, capacity ...

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