31 May 2015
JEDDAH: Saudi Arabia's benchmark Tadawul All-Share Index retreated to 9,757.07 points last week, which was roughly where it started the week.
The Index reduced merely 0.11 percent for the entire week, wavering in a range of 153 points.
On year-to-date basis, the index showed an attractive return of 17.09 percent, the highest return among GCC stock markets.
Med cap index with half percent decline contributed to the weak closing of the market.
Total market capitalization of Saudi stock exchange decreased slightly to SR2.14 trillion.
Among sectoral indices, Industrial Investment made the biggest weekly jump of 5.2 percent, closing at 9,448.19.
Real Estate was another key gaining sector, surging 2.5 percent to 8,210.46.
The big player Jabal Omar Development Company rose 5.48 percent for the week to SR 81.23. On the other negative side, heavyweight Petro-chemical sector posted the largest losses, going down 1.7 percent in a week.
Weekly market breadth was almost balanced with 80 issues witnessing advances against 81 issues recording declines.
The heavyweight Saudi Arabian Mining Co. Maaden turned in a splendid performance among all Saudi stocks, soaring up 11.76 percent.
The company shares raced to fresh all-time high before closing the week at SR 47.62. Saudi Industrial Development Co. followed it, rising 8.94 percent for the week.
On the other side of the spectrum, Knowledge Economic City showed the worst performance, turning down 5.56 percent for the week.
Saudi Basic Industries Corp. (SABIC), the biggest market cap company, dipped 1.98 percent to SR103.04.
But SABIC with a liquidity of SR 3.16 billion topped the value chart, a relative market share of 7.4 percent. Petrochemical sector is accounted for 16.4 percent of the total market turnover.
Alinma Bank with a volume of 108.4 million shares continued its most active status, capturing 7.6 percent of the overall market volume.
Market activity remained low last week; specifically 1.18 billion shares worth SR 37.3 billion were liquidated at Tadawul.
This turnover reflects a weekly decrease of 18 percent on volume basis and 12.7 percent in terms of value. But upside-downside volume ratio of 1.02:1 remained slightly favorable.
Banking sector volume was sixty percent down from previous week's 400 million shares.
On the other hand, the volume of Telecom & IT sector increased by sixty percent. Most of the major benchmark indices at GCC stock markets ended the week in red, with Qatar Stock Exchange dropped 4.35 percent. OOREDOO shares fell to a new 5-year low of QR88.4 last week. Both the UAE's stock markets DFM and ADX declined by 2.88 percent.
Muscat Securities Market managed a marginal increase of 0.11 percent during the week.
177 GCC stocks advanced and 275 declined last week.
Emaar Malls Group remained key gainer among large caps in GCC region, posting over seven percent weekly gain.
On the contrary, Ezdan Real Estate Co. and Al-Dar Properties suffered worst, dipping 10.49 percent and 8.42 percent respectively.
JEDDAH: Saudi Arabia's benchmark Tadawul All-Share Index retreated to 9,757.07 points last week, which was roughly where it started the week.
The Index reduced merely 0.11 percent for the entire week, wavering in a range of 153 points.
On year-to-date basis, the index showed an attractive return of 17.09 percent, the highest return among GCC stock markets.
Med cap index with half percent decline contributed to the weak closing of the market.
Total market capitalization of Saudi stock exchange decreased slightly to SR2.14 trillion.
Among sectoral indices, Industrial Investment made the biggest weekly jump of 5.2 percent, closing at 9,448.19.
Real Estate was another key gaining sector, surging 2.5 percent to 8,210.46.
The big player Jabal Omar Development Company rose 5.48 percent for the week to SR 81.23. On the other negative side, heavyweight Petro-chemical sector posted the largest losses, going down 1.7 percent in a week.
Weekly market breadth was almost balanced with 80 issues witnessing advances against 81 issues recording declines.
The heavyweight Saudi Arabian Mining Co. Maaden turned in a splendid performance among all Saudi stocks, soaring up 11.76 percent.
The company shares raced to fresh all-time high before closing the week at SR 47.62. Saudi Industrial Development Co. followed it, rising 8.94 percent for the week.
On the other side of the spectrum, Knowledge Economic City showed the worst performance, turning down 5.56 percent for the week.
Saudi Basic Industries Corp. (SABIC), the biggest market cap company, dipped 1.98 percent to SR103.04.
But SABIC with a liquidity of SR 3.16 billion topped the value chart, a relative market share of 7.4 percent. Petrochemical sector is accounted for 16.4 percent of the total market turnover.
Alinma Bank with a volume of 108.4 million shares continued its most active status, capturing 7.6 percent of the overall market volume.
Market activity remained low last week; specifically 1.18 billion shares worth SR 37.3 billion were liquidated at Tadawul.
This turnover reflects a weekly decrease of 18 percent on volume basis and 12.7 percent in terms of value. But upside-downside volume ratio of 1.02:1 remained slightly favorable.
Banking sector volume was sixty percent down from previous week's 400 million shares.
On the other hand, the volume of Telecom & IT sector increased by sixty percent. Most of the major benchmark indices at GCC stock markets ended the week in red, with Qatar Stock Exchange dropped 4.35 percent. OOREDOO shares fell to a new 5-year low of QR88.4 last week. Both the UAE's stock markets DFM and ADX declined by 2.88 percent.
Muscat Securities Market managed a marginal increase of 0.11 percent during the week.
177 GCC stocks advanced and 275 declined last week.
Emaar Malls Group remained key gainer among large caps in GCC region, posting over seven percent weekly gain.
On the contrary, Ezdan Real Estate Co. and Al-Dar Properties suffered worst, dipping 10.49 percent and 8.42 percent respectively.
© Arab News 2015
