14/03/2011
Saudi index edging up to a three-week high
Dubai's index made its largest gain in 15 months
The Tadawul All-Share Index (TASI) closed 0.2 percent higher at 6,309.63 points. The sector activity for the day was all positive except 2 losing sectors. The gaining sector ranged from 0.20 percent by the Banks & Financial Services sector to 2.13 percent by the Hotel & Tourism sector.
The overall market breadth for the day was positive with 91 advancers against 41 decliners giving it an AD ratio of 2.21, the Financial Transaction House (FTH) — licensed by the Capital Market Authority — said in its daily market commentary…..The stock market turnover for the day reached SR6.65 billion.
Kuwait's Zain hit a month-high on Sunday after receiving a new bid for a stake in its Saudi unit, while Gulf Arab stocks rose.
Dubai's index made its largest gain in 15 months, Saudi Arabia edged up to a three-week high and Qatar rose for a fifth session, but analysts were cautious, warning a likely weaker opening in Asia on Monday following Japan's devastating earthquake would spark regional profit taking, Reuters said.
Qatar's measure climbed 2.8 percent to 8,457 points.
The Omani index climbed 1.3 percent to 6,416 points.
The Bahraini index climbed 0.4 percent to 1,417 points.
