King appoints Khalid Al-Abdulkarim new secretary general of Cabinet    Family Affairs Council leads Saudi delegation at G20 women's empowerment meetings in Brazil    Public Prosecution: 8,000 out of 15,500 family dispute cases settled amicably    Riyadh hosting CIPS MENA conference on procurement, supply chains    Saudi Arabia launches 'groundbreaking' project to protect ecosystems in Arabian Gulf    Response 14: Saudi Arabia conducts mock drill to combat marine oil spills    Two killed in New Caledonia as riots escalate after Paris vote    Fahd Al-Qunun continues to elevate the customer experience through unique cashback initiative Innovative program from premium Saudi honey producer reinforces commitment to customer satisfaction and loyalty    Saudi and Australian chief justices discuss judicial cooperation    Indian spices face heat over global safety concerns    Blinken reiterates US arms will help Ukraine as it reels from latest Russian attack    Nadhmi Al-Nasr: 140,000 workers involved in NEOM projects around the clock    ZATCA sets SR3000 maximum duty-free purchase limit for incoming passenger    Glioblastoma: Top Australian doctor remains brain cancer-free after a year    Introducing Zilos: A luxury Culinary Oasis of Mediterranean and Asian Fusion in Jeddah    Al Hilal wraps up Saudi League title; Jesus touts season as model of excellence    Neymar celebrates Al Hilal's title win, eager for comeback next season    Al Hilal clinches Saudi Professional League title in a star-studded season    Saudi authorities recall contaminated mayonnaise after food poisoning incident at Riyadh restaurant    Al Ettifaq inflicts historic 5-0 defeat on Al Ittihad in Saudi Professional League    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi shares sustain forward momentum
By Querubin J. Minas
Published in The Saudi Gazette on 02 - 05 - 2010

Saudi shares maintained forward momentum recorded in more than a week fueled by high oil prices which traded over $87 a barrel on Friday.
The Tadawul All Share Index (TASI) ended 0.71 percent higher on Saturday to 6,916.79, extending last week's advance.
Oil prices rose further on Friday but gains were capped by weaker-than-expected growth data in the United States, the world's biggest energy consuming nation, traders said.
Brent North Sea crude for June delivery climbed 13 cents to $87.03 a barrel in afternoon London trade.
New York's main contract, light sweet crude for June, gained 45 cents to $85.62.
On a monthly basis, TASI closed at 6,867.97 points, or an increase of 12.19 percent. Highest close level for the index during the month was 6,929.40 recorded on April 26, Tadawul said.
The total value of shares traded in April 2010 reached SR87.48 billion ($23.33 billion), increasing by 24.30 percent over the previous month.
Total equity market capitalization at the end of April 2010 reached SR1,352.83 billion ($360.75 billion), increasing by 0.59 percent over the previous month.
On an YTD basis, TASI registered a positive return of 12.19 percent.
The total number of shares traded reached 3.47 billion for the month of April 2010 compared to 2.92 billion shares traded during the previous month, or an increase of 18.98 percent.
The total number of transactions executed in April 2010 reached 1.71 million compared to 1.63 million trades for the month of March 2010, or a 4.65 percent increase.
The percentage share of Saudi nationals from the market trades for selling last April was 89.7 percent at SR78.48 billion and 86 percent for buying at SR75.27 billion.
The percentage share of Saudi companies from the market trades was 3.2 percent for selling at SR2.8 billion and 6.2 percent for buying at SR5.39 billion. Investment funds comprised 2.6 percent for selling at SR2.31 billion and 3 percent for buying at SR2.65 billion.


Clic here to read the story from its source.