Oct 16 2011 |
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Saudi Arabia: TASI keeps upward march
JEDDAH: The Saudi stock market kept its upward trend on Saturday after rising 1.72 percent last week. The Tadawul All-Share Index rose 0.98 percent to 6,164.60, the highest level since Sept. 17.Over SR4.56 billion worth shares changed hands on Saturday.
Al-Rajhi Bank shares surged 0.7 percent to SR69. Saudi Hollandi Bank shares edged higher by 5 percent to SR27.20, while Banque Saudi Fransi share rose 3.63 percent to SR40.
The National Shipping Co. of Saudi Arabia ( NSCSA ) shares increased by 0.43 percent to SR11.80 as it announced the interim consolidated financial results on Saturday.
Gross profit for the third quarter totaled SR16.4 million compared to SR101.6 million for the corresponding quarter for the year 2010, a decrease of 83.9 percent. Operating loss for the third quarter
totaled SR8.8 million compared to operating profit of SR78.2 million for the corresponding quarter for the year 2010.
© Arab News 2011
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