03/03/2010
Petrochemical industries," obtains the largest value on transactions between sectors
Traders who follows the trading screens in one of the Riyadh Bank branches
The total value of traded shares during the February reached 54 billion riyals (equals 14.4 billion), down by 17.75% than the previous month.
As the market value of shares issued 1.27 trillion riyals, recording an increase of 2.42% from the previous month
The monthly report issued by the Saudi Capital Market "Tadawul" explains the total number of shares traded in February was 2.33 billion shares from 2.97 billion shares were traded during the previous month, down 21.58.
The report mentioned that during last February several companies were included, among them Herfy Food Services with an amount of 270 million riyal and a total shares amounted to 8.1 million shares with 51 riyals in addition to the company's inclusion of the Gulf Cooperative Insurance Company with a capital of SR 200 million riyal and total equity amounted to 20 million shares, 10 riyals per share.
He said that during the same month Brooj Cooperative Insurance Co. were listed with a capital of 130 million riyals, and a total shares of 5.2 million shares for 10 riyals per share, noting that during February AlSurayaa Commercial & Industrial Co. were also included with a capital of 300 million riyals, a total of 30 million shares, 9 million shares were offered for public subscription, a value of 27 riyals per share.
Tadawul noted that during the last month they approved on the reduction on Kingdom Holding Company from 63 billion to 37 billion riyals, in addition to the joining of the two companies operating in the financial intermediation sector, bringing a number operating companies in the market up to 37 companies.
Tadawul monthly report shows the acquisition of the petrochemicals industry sector on the largest value of the total traded shares valued more than 11 billion riyals,which were implemented by the 193.70 deals carrying out 20% of the total traded shares in February, while the insurance came in the second level with a total value 10.33 billion riyals ended by 795.5 thousand transactions, taking up a rate of 19.18% of the total market, While the banking and financial services sector came in the third place with a total value amounted to 9.98 billion riyals represented in 18.49% of the total market. The report recorded a lower trading on the media and publishing sector, which conducted only 99 million riyals, or 0.18% of the total market, while the hotel and tourism sectors conducted a second-lowest on the rate of 0.66%.
Compared to the transactions number implemented in the market between February and January, the report noted the high number of transactions in February with a 30.29% up to $ 2.102 million deals compared to 1.613 million deals last January, recording a rise in the daily average of transactions implemented in February with 43.32% compared with last January. Moving back in the shares number of February with 21%, a total of 2.32 billion shares compared to 2.96 billion shares in January.
