14/01/2014
«Fransi» affected by the declaration of profits .. And 8637-point support for the index
Saudi Share resist selling pressure for profit-taking
Saudi shares dropped slightly after three sessions of rises. But the market saw the biggest decline in a month, due to the drop of' BSFR arrow ' while trading 6 per cent but the market was able to take control of those regressions during trading to offset much of those losses at the end of the meeting. Stock performance came after the announcement of negative Bank annual profits fell about 20 percent below the average analyst forecast comes to about 17 per cent. But the arrow trimmed losses to close down about 2 per cent.
It was pointed out in previous reports that the market has become more sensitive to negative news, there are also vulnerable on the upside. It has technically reached target levels 8824 points. During trading today, when the market rebounded 8637 points and is a point of support, showing that there is a desire to purchase the dealers show when access opportunities in the market. In today's market may come under selling pressure, unless the stock market will face, in a wave of profit-taking during the forthcoming meetings of up to levels of 8560-8600 points.
The overall performance of the market index opened at 8714 points, turn downward, reaching the lowest point in the session when 8637 points, down 0.88 percent, then returned at the end of the session upwards, reaching the highest point in the session when value points, with gains of 0.14 per cent, but could not maintain those gains to lose it closed when 1178 points, down 2 points, up 0.03 percent. Trading value dropped 0.12 percent, reaching 6.5 billion, and the average value per transaction 59.7, and traded down 4 per cent, a hyphen to 237 million shares. The rotation rate of 1.25 per cent free float and deals by 4 per cent, to $ 109, 000 deal.
Performance of sectors declined nine sectors for high six, and the high transport sector, by 1.3 percent, followed by banking sector by 0.49, and third the retail sector by 0.29 percent. Declining sectors were issued by the hotel and tourism sector grew by 1.68 percent, followed by the media and publishing sector, 0.73 percent, and the third real estate development sector, up 0.54 percent. It was the most heavily traded issue by the petrochemical sector, worth 1.7 billion riyals, with 26 percent, followed by the banking sector, worth $ 1.3 billion, by 20 per cent and third sector insurance worth 1 billion.
The performance of the stock has been trading in the market, 159 rose from 42, compared to the low 93, 24 shares closed unchanged rates. Higher exports shares ' Alahliah ', by 10 percent, closed at 55 SAR, followed by arrow ' budget ', with 9.9 percent, closed at 91.25, and III share ' Riyadh ', by 4.6 per cent, closed at 33.70. and the most droping arrow ' cement ', Arabic 4.4 percent, closed at SAR, followed by arrow ' alujain Corporation ', by 3.1 percent, closed at $ 24.80, and III share ' Yansab ', by 3 percent, closed at $ 202.46. And about 39 per cent of market liquidity to six shares issued shares of ' Alenmaa ', worth 800 million, 12 per cent, followed by arrow ' SABIC ', worth 528 million, 8 percent, and the third arrow ' Petro Rabigh, worth 430 million, 6 per cent.
