22/12/2013
The end of the fiscal year induce investors to seize opportunities
45% recycling rate in the shares of «Insurance» during the week
Saudi shares continued last week's to rise, for the second consecutive week, the highest weekly closing this year, as well as in the last five years. The market saw unusual activity in the insurance sector, the recycling rate is 45 per cent equity, were traded over the entire stock of five companies in the sector, and the acquisition of liquidity, reflecting active trading, missed out on the market in the past. This may be due to inflated prices for other companies, making insurance, which did not react with hikes in the past, market more attractive. And will close the cursor at levels 8425 points, to reach the levels of 5,359 points, with levels of 8,400 points barrier for the General index. And as the end of the fiscal year will spur investors to seize opportunities, especially as a number of stocks declared cash dividends from previous periods, along with some banks announced increased their capital.
And external factors have become ineffective, due to absorption of financial markets to reduce the quantitative easing, which helped the US Central Bank; the reduction amounted to 10 billion dollars. And the bank interest reduction plan, when the unemployment rate to 6.5 percent, interest rates will remain near zero, so that the unemployment rate fell, what stimulates market rise and preference stock for bonds. The overall performance of the market index opened hearings last week when 8387 points, yielding a series of rises, and originally to the highest point in the week, when 8510 points, closed without a single point, at 7,902 points gains totaled 122 points, 1.5 percent. And how volatility 1.65 per cent, trading values have risen 31 per cent, a hyphen to 29.4 billion, and the average value per transaction 53.7 thousand riyals. Shares traded 32 percent, a hyphen to billion shares, the average trader recycling free stock 5.5 per cent, a 5 per cent rise in transactions, a hyphen to 548,000deal.
Performance of ten sectors rose last week, issued by the insurance sector by 4.6 per cent, followed by the agriculture sector by 2.8 per cent, the third petrochemical sector, 2.3 percent. 'cement' had most by 1.4 percent, followed by transport up 0.94 percent, and third, by 0.74 percent and most of the insurance sector, worth 8.4 billion, 28 percent, followed by the petrochemical sector, the value of 6.1 billion, 21 percent, and the third banking sector, worth $ 3.4 billion, 11 percent. Either the most circular free stock, insurance sector, 45 per cent, followed by the media, by 10 per cent, the third construction, by 9 percent. And the most in value per trade, banking, the value 111, followed by petrochemicals, 90, and third, 87, 000. The performance of the stock has been trading in the market, 158 raised 105 shares, dropped 44, and nine shares closed unchanged rates. And the high share of 'Arab', with 32.5 percent, closed at 31 SAR, followed by arrow 'rabigh', by 24.2 percent, closed at 22.35, and '' Secretariat '' insurance shares, 24 percent, closed at $ 41.80. And most decline, shares 'refineries', by 11 percent, closed at 58, SAR, followed by arrow 'Wafa insurance '', 6.5 percent, closed at $ 202.46 and the third arrow '' SocCo', by 6 percent, closed at 111 Srl. While most monopoly on liquidity, '' SABIC shares '', by 6 percent, trades at 1.8 billion, followed by arrow 'development', 5 percent, to $ 1.4 billion, the third arrow 'Kayan', by 4 percent, in trading of 1.1 billion. Either the most circular of the free float, the shares by more than 100 per cent recycling, issued shares '' carefully '' by 166 per cent, followed by shares 'the General', Gulf by 140 per cent, the third arrow '' Secretariat '' insurance, by 139 per cent. The largest rate of transaction value per share 'communications', worth 203 000, followed by arrow 'Samba', 193, 000, third arrow 'Riyadh', worth 186 000.
