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Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts

12/22/2013

Insurance stocks soaring 2.82 percent.

Benchmark Tadawul All- Share Index of Saudi Arabia ( TASI ) continued a positive boost on Sunday, advancing further half percent.
While upward curvature in the territory throughout the day added 41.56 points , closing at 8,551.23 points.
On YTD basis , TASI registered a positive return of 25.73 percent. Micro cap with a 1.2 percent rise is still important among the indices of market capitalization.
Eleven of the fifteen sectors TADAWUL closed , reflecting a collection of 546 points . Insurance surpassed the rest of the sectors , up 2.82 per cent to close at 1,193.14 . Hotel & Tourism sector followed, with an increase of 1.27 per cent . The banking sector has added considerable 210 points , more than one per cent .
Most heavyweight finished to the upside, with Saudi Telecom growth of 2.8 per cent , 2.75 per cent and SABB Riyad Bank 2.06 per cent . The bellwether SABIC ( Saudi Basic Industries Corp. ) ended without any change , but topping the charts of liquidity pouring SR435.4 million in the market.
While , Alinma Bank continued its most active state , liquidating over 25 million shares and to achieve a market share of 11.4 percent relative market .
More than 225 million shares worth 6.0 billion SR exchanged hands on the Saudi stock market . The average 50-day volume of trade is closer to 180 million shares.
I easily advancers outnumbered declining stocks on the Tadawul , as for 64 percent of the stocks that gained , 22 percent ended lower and 14 percent remained unchanged.
New player ANB Cooperative Insurance Company has once again made ​​the big jump between all equities Saudis , realizing a maximum growth of 10 percent to SR34.1 . An appreciation of 241 percent of the value of ANB was recorded in 19 days.
Malath Saudi Re for Cooperative Insurance and Reinsurance were other key players, respectively, showing a solid growth of 9.95 per cent and 9.73 per cent .

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