29/03/2011
TASI slipped 0.18 to 6,508.28 points, taking its losses to 1.7 percent this year
Saudi Daily Market Report
The Tadawul All-Share Index (TASI) slipped 0.18 to 6,508.28 points, taking its losses to 1.7 percent this year. The sector activity for the day was mixed with 8 out of 15 made gains ranging from 0.01 percent by the Retail sector to 1.94 percent by the Media and Publishing sector. On the other hand the losing sectors ranged from 0.12 percent by the Banks & Financial Services sector to 2.13 percent by the Energy & Utilities sector.
The overall market breadth for the day was positive with 80 advancers against 50 decliners giving it an AD ratio of 1.6, the Financial Transaction House (FTH) — licensed by the Capital Market Authority — said in its daily market commentary.
The stock market for the day reached SR4.34 billion.
Gulf Arab markets were mixed on Monday as investors remained cautious ahead of first-quarter earnings and concerns over political unrest weighed.
Abu Dhabi’s index slipped with investors locking gains in most large cap stocks. The Dubai measure gained 0.08 percent to 1,558 points. Market bellwether Emaar Properties gained 0.6 percent and Emirates NBD rose 1.2 percent.
Oman’s benchmark retreated 0.3 percent to 6,371 points, as volumes fell to half of Sunday’s trading. Losers outnumbered gainers by three to one.
Qatar’s index fell 0.2 to 8,373 points on Monday. Barwa Real Estate rose 1.3 percent.
Kuwait’s index extended Sunday’s gains, with blue chips supporting. The index rose 0.3 percent to 6,306 points.
The Bahraini measure rose 0.05 percent to 1,428 points.
