08/03/2010
Study to allow foreigners to invest in the market to support trading
The index climb to 6560 points recording its highest close in four months
The general index of the Saudi stock market is increased by 0.32% yesterday, adding to the tally 20 points and closed at 6560 points, its highest close since more than 4 months old.
The support came after the positive news, including statements by the financial market considering allowing foreigners to invest in the market, with trading value decreased below the 3 billion once again after the surge in values in the first session yesterday as the cash flow value on a 2.6 billion riyals less than about 25.7% of the value of trading Saturday, which amounted to 3.5 billion riyals, and the amounts of which were traded 107 million shares made through the implementation of the 71 thousand transactions.
The Index opened his dealings with the red color to touch 6530 points which is the minimum during the meeting, fluctuated in a narrow range so as to enable the first two hours before the start of a gradual rise of a trip until it succeeded in touching 6568 points ahead of the closure and before that reduces part of the gains.
Regarding the market performance segments, they ranged between red and green as the issue of the emerging sector of the industrial investment by 0.6%, while sectors headed the low investment multi-sector, down by 1.53%.
Were trading 138 shares, of which 66 shares rose while it declined by 49 shares, and shares of 23 companies remained at the same closures on Saturday, and exports contributed to rising food prices by 6.3%, their biggest percentage rise since November 2009 closed at 19.4 SAR continue to provide to the fourth round in a row, led the decline in shares of Kingdom Holding, down 3.41% to the price of 9.9 riyals after missing the gains box for the 17 tour.
The bonds market is having an implementations of deals on its first and second version of SABIC and Saudi Electricity Company, with its implementation of one deal of 40 bonds of SABIC 1 trading volume amounted to two million riyals worth of $ 1.99 million riyals, also a single package were implemented on 36 bonds of the value of SABIC 2 with a value reached 358.2 thousand, the power bonds implemented 1 deal on 10 bonds, power bonds as 2 single packages on 50 bonds.
For the GCC stock markets have risen most of the indicators with the exception of Qatar and Kuwait, where the first dropped by 0.77%, while the second decreased by 0.3%, on the other hand Dubai market issue headed by 2.33% backing of some leading stocks
