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Sunday, March 11, 2012

Saudi market rises 0.7% above the level of 7500 points

Saudi market rises 0.7% above the level of 7500 points
Ended the Saudi market trades on Sunday, surpassing the level of 7500 points for the first time since late September 2008, the index closed the year up 52 points, equivalent to 0.7% at 7533.74 points, its highest level in 41 months and a half since the September 21, 2008, continuing his ascent to the second session in a respectively.

Exceeded the total value of the market barrier of 14 billion riyals for up to 14.4 billion riyals, compared to about 13.4 billion riyals during the hearing yesterday the growth of 7.5%, as increased trading volume to 651.8 million shares compared to 551 million shares, up 18.3%, with the total transactions of more than 252 thousand deal , and the number of companies that have been traded 150 companies of which 89 companies rose and prices fell 43 and stabilized without changing stock prices of 18 companies.

Issued shares, "Development," Activity of shares traded quantity and value, at about 102.5 Mayon shares worth 1.3 billion riyals, up more than 3 percent to 13.15 riyals, its highest level since December 2009.

Rose "SABIC" - the largest listed companies by market value - by 0.7% to 105.25 riyals, its highest level since last July, recording trades worth 789.6 million rials. Rose as Al Rajhi Bank, the largest listed bank by market value, 0.3% to 78 riyals, extending its rally for the second straight session.

Shares in "Zain KSA", stable at 9.70 riyals little changed trades 40.6 million shares, also settled share "Dar Al-Arkan," when you close the previous 10.10 riyals after it cut the credit rating agency "Standard & Poor's" last Wednesday its credit rating for the company of a degree BB-to the degree of B +, has also developed a classification under surveillance with a negative look at the long-term short.

Shares of "fish", the highest level in five and a half months at 41.20 riyals, up 6% trades intense is the largest since January 2007, and rose "city of knowledge" about 2.6% to 13.90 riyals, the company announced today the appointment of Iyad Madani, President to the Board of Directors, succeeding Dr. Sami Baroum. Shares in the "Kingdom Holding" high by 8.9% Alai 12.15 riyals, its highest level since February 2010.

Issued shares "integrated", gainers, up 9.85% to 35.70 riyals, its highest level since Aladarj market in June 2010, followed by "Tehama" in the same ratio to 75.25 riyals and then "Fitaihi", increased by 9.84% to 24 riyals, its highest level since February 2008.

While came the "Allianz SF" on the top losers for the second session, down 9.9% to 90.75 riyals, followed by "Arabian Shield" by 5.8% to 35.50 riyals, then "up" 3.4 percent to 41.80 riyals after the end of the eligibility of profits yesterday

Indices of all sectors except for the sectors of "insurance" and "cement" which declined by 0.7 and 0.2% respectively, and exports rises "investment companies, multi" by 3.1%, followed by "Media and Publishing" by 3%, then "energy" of 2.5%, sector gains amounted to "PC", the largest sectors listed in the market, increased by 0.7% while the gains of "banks," about 0.8%.

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