28/12/2010
Tadawul drops negatively to 0.45 percent
In Saudi Arabia, the Tadawul All-Share Index (TASI) dropped 0.45 percent to 6,581.74 points. The sector activity for the day was all negative except 2 gaining sectors. The losing sectors ranged from 0.32 percent by the Retail sector to 3.09 percent by the Cement sector. On the other hand the gaining sectors were the Banks & Financial Services with gain of 0.43 percent and the Telecommunication & Information Technology sector with gain of 0.48 percent.
The overall market breadth for the day was negative with 19 advancers against 111 decliners giving it an AD ratio of 0.17, the Financial Transaction House (FTH) said in its daily market commentary.The stock market turnover reached SR3.24 billion on Monday.
United Arab Emirates banking stocks declined on Monday, after the central bank asked lenders to raise to 80 percent their provisions against exposure to two Saudi conglomerates.Dubai's index fell 1 percent to 1,603 points, touching its lowest level since Sept. 7,while the Abu Dhabi index slipped 0.4 percent to 2,694 points.
