14 May 2014
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose 40.34 points to finish at 9,816.19 after trading between 9,830.76 and 9,775.85. Curving in the upward territory it added 0.41 percent for the entire day.
With this increment, TASI's YTD return reached exactly 15 percent. Again Micro cap index outperformed, advancing more than one percent.
Most of the sector indices showed modest gains, accumulating an aggregate of 896.5 points.
One of the best performing sectors was Hotel & Tourism which gained over two percent, closing the day at 22,884.98.
Insurance and Industrial Investment sectors followed it, growing 1.45 percent and 1.15 percent respectively.
Media and Publishing, on the contrary, switched its position from top performer of previous day to the worst performing sector of the day, declining by 195 points or 3.95 percent.
Tihama Advertising & Public Relations Co. showing excessive losses of SR15.67 or 5.16 percent became the major decliner at Tadawul.
SABIC (Saudi Basic Industries Corp.) and Al-Rajhi Bank played well among big players, increasing by 1.09 percent and 0.63 percent respectively.
Advancing stocks outnumbered decliners by a margin of 95 to 44 and the prices of 21 companies remained unchanged.
National Agriculture Development Co. (NADEC) and Al-Ahsa Development Co. showed the best performance among all Saudi stocks, topping the gainer chart with a positive change of 9.93 percent and 9.33 percent respectively.
Bupa Arabia for Cooperative Insurance also continued its upward march in a consecutive manner, surging over six percent to SR94.77.
An appreciation of nearly 35.5 percent in the value of Bupa has been recorded in eight days.
The company shares have climbed to a new all-time high of SR97.
Market activity remained 16-to-18 percent greater than previous level.
More than 374.7 million shares worth SR11.97 billion changed hands on the Saudi stock market.
Zain appeared to be the most active stock of the day, liquidating roughly 50 million shares, which equates 13.3 percent of overall market volume.
In terms of time, Al-Jouf Agricultural Development Company volume went 10.4 times high over the 50-day average level.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose 40.34 points to finish at 9,816.19 after trading between 9,830.76 and 9,775.85. Curving in the upward territory it added 0.41 percent for the entire day.
With this increment, TASI's YTD return reached exactly 15 percent. Again Micro cap index outperformed, advancing more than one percent.
Most of the sector indices showed modest gains, accumulating an aggregate of 896.5 points.
One of the best performing sectors was Hotel & Tourism which gained over two percent, closing the day at 22,884.98.
Insurance and Industrial Investment sectors followed it, growing 1.45 percent and 1.15 percent respectively.
Media and Publishing, on the contrary, switched its position from top performer of previous day to the worst performing sector of the day, declining by 195 points or 3.95 percent.
Tihama Advertising & Public Relations Co. showing excessive losses of SR15.67 or 5.16 percent became the major decliner at Tadawul.
SABIC (Saudi Basic Industries Corp.) and Al-Rajhi Bank played well among big players, increasing by 1.09 percent and 0.63 percent respectively.
Advancing stocks outnumbered decliners by a margin of 95 to 44 and the prices of 21 companies remained unchanged.
National Agriculture Development Co. (NADEC) and Al-Ahsa Development Co. showed the best performance among all Saudi stocks, topping the gainer chart with a positive change of 9.93 percent and 9.33 percent respectively.
Bupa Arabia for Cooperative Insurance also continued its upward march in a consecutive manner, surging over six percent to SR94.77.
An appreciation of nearly 35.5 percent in the value of Bupa has been recorded in eight days.
The company shares have climbed to a new all-time high of SR97.
Market activity remained 16-to-18 percent greater than previous level.
More than 374.7 million shares worth SR11.97 billion changed hands on the Saudi stock market.
Zain appeared to be the most active stock of the day, liquidating roughly 50 million shares, which equates 13.3 percent of overall market volume.
In terms of time, Al-Jouf Agricultural Development Company volume went 10.4 times high over the 50-day average level.
© Arab News 2014
