JEDDAH, 13 December 2007 — Saudi Arabia’s Tadawul index closed above 11,000 points yesterday for the first time in 14 months, powered by gains by the banking sector.
Trading ended yesterday on a bullish note, closing at 11,022.65 points or an increase of 2.07 percent from Tuesday’s mark.
Some 108 companies were traded yesterday, reaching a volume of 461,640,087 with a total value of SR18.79 billion.
Top gainers in yesterday’s bourse activity were Tabuk Cement closing at SR41.25, a rise of 10 percent from Tuesday, followed by Yamamah Cement closing at SR96.75 or a 9.94 percent increase. The third top gainer was Samba closing at SR192.00 or 9.09 percent increase. Fourth among the top gainers was Eastern Cement closing at SR93.00 or 8.45 percent jump followed by Alujain clsoing at SR47.50 or a rise of 7.95 percent.
The top five losers in yesterday’s activity were Alhaleej Trading, Thim’ar, Industrialization, Al-Ahlia and Glass, with percentage loses of 7.05 percent, 3.38 percent, 3.30 percent, 3.20 percent and 2.62 percent, respectively.
Most active by volume in yesterday’s trading were Saudi Kayan, Saudi Electricity, Jabal Omar, Nama Chemical and Shipping.
Alujain subsidiary National Petrochemical Industry Company started receiving sales for the propylene/polypropylee complex in Yanbu Industrial City. The first two among the most active by value were Saudi Kayan and SABIC with a 2.27 percent and 0.26 percent increase respectively.
