Printer Friendly

Blue chips end down on Tadawul index.

Riyadh: The Saudi stock market continued its volatile performance last week with its daily average trading value pegged at 4.8 billion Saudi riyals (about Dh4.8 billion).

A number of blue chip stocks declined during the week. Al Rajhi and STC fell by six per cent, but recovered partly at the end of the week.

The Tadawul All Share Index closed at 9,367.52 on Wednesday, down by half per cent from last week. The index is 16.2 per cent lower than at the beginning of the year.

Trading value reached 27 billion riyals, down from the previous week's value of 38.1 billion riyals.

Mobile Telecommunications Company and Saudi Basic Industries Corporation dominated trading value followed by Rabigh Refining and Petrochemical Company.

Stock prices of 55 companies were up, while 47 companies were down. Among the top 10 blue-chips, the highest gains were posted by Saudi Electricity Company and Saudi Arabian Fertilisers Company as they rose 3.7 per cent and 2.4 per cent respectively.

The big losers were Al Rajhi Bank and Saudi Telecom, dropping 5.4 per cent and 4.2 per cent respectively.

[c] Al Nisr Publishing LLC 2007. All rights reserved.

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Gulf News (United Arab Emirates)
Date:Apr 5, 2008
Words:208
Previous Article:Metro Red Line to start operations next year.
Next Article:Judaisation of Jerusalem continues.


Related Articles
New rules worry some investors.
Investors turn focus on half-year results.
Saudi shares decline for third week.
New Tadawul rules go into effect today.
Recovery on Saudi stock market still strong.
New Tadawul rules go into effect today.
Saudi equity market cap reaches SR1.70 trillion.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters