06/12/2010
TASI drops 0.29 percent
In Saudi Arabia, the Tadawul All-Share index (TASI) dropped 0.29 percent to 6,403.2 points. The sector activity for the day was mixed with 8 out of 15 closing with gains ranging from 0.12 percent by the Cement sector to 1.18 percent by the Hotel & Tourism sector. On the other hand the losing sectors ranged from 0.10 percent by the Transport sector to 1.19 percent by the Banks & Financial Services sector.
Overall market breadth for the day was negative with 59 advancers against 61 decliners giving it an AD ratio of 0.96, the Financial Transaction House (FTH) said in its daily market report.The Saudi stock market turnover reached SR2.70 billion.
Qatar's index rose to its highest close in more than two years on Sunday, after the Gulf Arab state won the right to host the 2022 soccer World Cup.
Most regional bourses ended with gains, boosted by Qatar's successful World Cup bid.
Zain rebounded from Thursday's four week low, despite a shareholder threatening to sue potential buyers of the firm's Saudi unit.
Kuwait's Zain shares gained 4.4 percent. It fell 2.9 percent on Thursday.
Abu Dhabi's Etisalat has agreed to buy a 46 percent stake in Zain in a deal led by the Kharafi group.
Kuwait's index gained 0.7 percent to 6,865 points.
The Omani index climbed 0.5 percent to 6,697 points.
The Bahraini index gained 0.3 percent to 1,422 points.
