29 November 2013
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) finished to the upside at 8,325.28 points Thursday, adding 24.63 points further or 0.30 percent. While curving in the upward territory throughout the day it rose to a maximum gain of 53.8 points. TASI also logged a healthy YTD return of 22.41 percent. All market cap indices ended the day in the green district. Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 510 points.
Only Energy, Cement and Agriculture sectors could not manage for gains, going down a little and losing 24 points collectively. Transport sector delivered a largely positive performance yesterday, soaring up 3.14 percent and crossing 6,000-mark. Multi-Investment and Retail sectors followed it, advancing 1.42 percent and 1.0 percent respectively. Most of heavyweights extended gains, with Kingdom holding outdid rest of its peers, growing by 1.8 percent to SR 22.5. The bellwether SABIC (Saudi Basic Industries Corp.) closed the day up 0.69 percent. Advancing stocks outnumbered decliners by a margin of 81 to 53 and the prices of 24 companies remained unchanged.
Among all Saudi equities, new player ANB Cooperative Insurance Company remained at top position for the third straight day, marching higher 9.92 percent further and closing at SR13.3. The National Shipping Company (Bahri) was another key gainer, surging by 4.38 percent. It also included among the most liquid stocks, contributing SR 126.7 million and closing at SR26.20. SABIC with a turnover SR370.7 million topped the value chart, closing at SR 108.75. Market activity remained 10 to12.5 percent greater than previous level. More than 147.5 million shares worth SR4.0 billion changed hands on the Saudi stock market.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) finished to the upside at 8,325.28 points Thursday, adding 24.63 points further or 0.30 percent. While curving in the upward territory throughout the day it rose to a maximum gain of 53.8 points. TASI also logged a healthy YTD return of 22.41 percent. All market cap indices ended the day in the green district. Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 510 points.
Only Energy, Cement and Agriculture sectors could not manage for gains, going down a little and losing 24 points collectively. Transport sector delivered a largely positive performance yesterday, soaring up 3.14 percent and crossing 6,000-mark. Multi-Investment and Retail sectors followed it, advancing 1.42 percent and 1.0 percent respectively. Most of heavyweights extended gains, with Kingdom holding outdid rest of its peers, growing by 1.8 percent to SR 22.5. The bellwether SABIC (Saudi Basic Industries Corp.) closed the day up 0.69 percent. Advancing stocks outnumbered decliners by a margin of 81 to 53 and the prices of 24 companies remained unchanged.
Among all Saudi equities, new player ANB Cooperative Insurance Company remained at top position for the third straight day, marching higher 9.92 percent further and closing at SR13.3. The National Shipping Company (Bahri) was another key gainer, surging by 4.38 percent. It also included among the most liquid stocks, contributing SR 126.7 million and closing at SR26.20. SABIC with a turnover SR370.7 million topped the value chart, closing at SR 108.75. Market activity remained 10 to12.5 percent greater than previous level. More than 147.5 million shares worth SR4.0 billion changed hands on the Saudi stock market.
© Arab News 2013
