Trump threatens 50% tariffs on Brazil if it doesn't stop the Bolsonaro 'witch hunt' trial    Trump praises 'good English' of Liberian president, prompting criticism across Africa    Saudi, Hungarian defense ministers discuss military ties    Al-Rajhi: Cabinet's decision is supportive to most vulnerable groups    King Salman appoints Dr. Majid Al-Fayyad as Royal Court advisor    Alkhorayef emphasizes Saudi Arabia's growing role as global industrial investment hub    Saudi Arabia adopts World Drowning Prevention Day as national health priority    GACA imposes SR2.8 million in fines for 87 civil aviation violations in Q2 2025    Desperate Gaza doctors cram several babies into one incubator as fuel crisis reaches critical point    Total e-messages sent to parties in lawsuits reach over 11.8 million during first half of 2025    3 arrested in assault case in Riyadh    New Property Ownership Law will take into effect in January 2026 Al-Hogail thanks King and Crown Prince for the updated law    HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 The renewed commitment will see HONOR elevate mobile esports competition with cutting-edge AI technologies and industry-leading hardware    Riot Games responds to match-fixing allegations in VALORANT    BLAST responds to BESTIA Visa controversy ahead of CS2 Austin major    Christophe Galtier named NEOM SC head coach ahead of historic Saudi Pro League debut    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    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 Equity Market registers solid gains
Published in Saudi Press Agency on 04 - 11 - 2007

The Saudi stock market made solid gains yesterday as investors slowly regained confidence.
The Tadawul All-Share Index (TASI) is heading toward 9,000 points as it closed 189.95 points, or 2.2 percent, higher at 8,811.40 yesterday.
The banking index surged 4.08 percent as shares of major banks increased sharply yesterday. SABB shares gained by 5.55 percent to SR114, Bank Albilad by 4.86 percent to SR37.75, Banque Saudi Fransi by 4.34 percent to SR78 and Al-Rajhi Bank by 3.96 percent to SR98.25. Arab National Bank shares soared by 8.47 percent to SR96, Bank Aljazira by 6.40 percent to SR54 and Riyad Bank by 3.25 percent to SR63.50.
The insurance sector suffered badly yesterday. Shares of AlAhli Takaful Company fell 3.83 percent to SR156.75, Saudi United Cooperative Insurance Company by 3.39 percent to SR64, Arabian Shield Cooperative Insurance Company by 2.96 percent to SR57.25 and Saudi Arabian Cooperative Insurance Company by 2.47 percent to SR78.75, according to a report of the Jeddah-based Arab News published today.
Shares of only four insurance companies — Tawuniya (formerly the National Company for Cooperative Insurance), Malath Cooperative Insurance and Reinsurance Company, Saudi IAIC Cooperative Insurance Co. and Allied Cooperative Insurance Group — were in positive territory.
Saudi Basic Industries Corp. (SABIC) shares edged higher by 1.51 percent to close at SR150.75 yesterday. The company announced yesterday that it had decided against taking part in a $1.5 billion Mauritania iron project where it had agreed earlier to invest $266 million for a 35 percent stake.
Saudi Kayan Petrochemical Co. was the top gainer yesterday as its shares jumped 9.83 percent to close at SR16.75. Kingdom Holding Co. shares also surged 9.09 percent to SR12.
Out of 105 companies traded yesterday, shares of 68 companies increased while 24 companies were in the red.
The stock market turnover was over SR9.88 billion yesterday.


Clic here to read the story from its source.