07/02/2011
Tadawul posts fourth straight gain
Rising 0.82 percent higher
The Tadawul All-Share Index (TASI) index rose 0.82 percent to 6,584.85 points, its fourth straight gain. The sector activity for the day was all positive except 1 losing sector. The gaining sectors ranged from 0.14 percent by the Energy & Utilities sector to 2.17 percent by the Media and Publishing sector.
On the other hand the losing sector for the day was the transport sector with 0.45 percent. The overall market breadth for the day was positive with 133 advancers against 8 decliners giving it an
In Saudi Arabia, Samba Financial Group climbed 0.9 percent.
Sofia El Boury, Shuaa Capital assistant vice-president for research, told Reuters Saudi banks had the most potential regionally.
AD ratio of 16.6, the Financial Transaction House (FTH) — licensed by the Capital Maket Authority (CMA) — said in its daily market commentary.The stock market turnover for the day reached SR3.21 billion.
According to Reuters, Most regional markets gained as fears over Egypt unrest.
Qatar's Islamic banks surged on Sunday after the Gulf state's central bank. instructed conventional lenders to stop their Islamic operations.
The Dubai index rose 1.6 percent to 1,606 points.
The Abu Dhabi index climbed 1.1 percent to 2,674 points.
The Kuwaiti index fell 0.4 percent to 6,747 points.
The Omani index rose 0.4 percent to 6,886 points.
The Bahraini index climbed 0.6 percent to 1,451 points.
