tadawul index slips 08
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Tadawul index slips 0.8%

Arab Today, arab today

Arab Today, arab today Tadawul index slips 0.8%

Dubai - Arab Today

The Tadawul All Share Index (TASI) fell 0.8 percent on Monday as Banque Saudi Fransi, which had added 1.4 percent the previous day, went ex-dividend and tumbled 5.5 percent.
Petrochemical maker Yansab sank 1.7 percent after it reported a 54 percent year-on-year plunge in second-quarter net profit, despite an increase in some prices. It cited a temporary shutdown of some facilities for maintenance and higher feedstock prices.
Chemanol rose 1.1 percent after saying it had received $10 million from a bank guarantee after one of its marketers failed to meet contract obligations. The marketer intends to seek arbitration, Chemanol said.
Dubai’s stock index rose above technical resistance on Monday, suggesting a long period of underperformance compared with the region and other emerging markets might be ending.
The Dubai index gained 0.8 percent to 3,602 points, eclipsing its April peak of 3,573 points. The next, strong resistance is at 3,737-9 points, the January and February peaks.
Islamic Arab Insurance, the market’s most active stock, climbed 3.4 percent in unusually heavy trade, accounting for about a quarter of all volume. It has been trading near record lows and, with a price below half a dirham, is easily moved by short-term speculators.
DAMAC Properties, which has been surging to record highs in the past week, added a further 3.8 percent.
Abu Dhabi’s index was also strong, climbing 1.1 percent as the biggest bank, First Abu Dhabi Bank, which is due to report earnings in coming weeks, surged 2.8 percent.
Sharjah Islamic Bank, which had just reported a 6.4 percent year-on-year rise in second-quarter net profit attributable to shareholders, jumped 2.9 percent. But Union National Bank, which had been rising since it reported strong quarterly earnings last week, fell back 1.9 percent.
Qatar’s index rose 1 percent as drilling rig provider Gulf International Services, the most heavily traded stock, gained 2.5 percent. It has been in an uptrend from near multi-year lows since Qatar outlined plans to boost its gas production a couple of weeks ago.
Egypt’s blue-chip index also rose 1 percent on the back of a few low-priced stocks such as real estate firm Porto group, which surged 7.9 percent.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tadawul index slips 08 tadawul index slips 08

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tadawul index slips 08 tadawul index slips 08

 



GMT 21:38 2017 Monday ,30 October

Arab coalition to confronting Houthis

GMT 05:09 2017 Wednesday ,20 September

UK to take 130 more lone refugee children in Dubs

GMT 16:27 2011 Thursday ,07 July

More photos come up

GMT 10:49 2016 Monday ,19 September

Greek central banker denies rift with government

GMT 04:51 2017 Saturday ,21 October

EU puts brakes on Macron's Google tax push

GMT 11:35 2017 Friday ,17 March

Bahrain Bourse daily trading report

GMT 20:38 2017 Friday ,24 February

20 terror suspects, including 4 women, arrested

GMT 10:40 2017 Saturday ,29 April

Sudan condemns Paris' terrorist attack

GMT 08:33 2017 Tuesday ,21 November

Hezbollah denies sending arms to regional conflicts

GMT 23:14 2017 Tuesday ,02 May

Deputy premier meets Malaysian counterpart

GMT 10:45 2016 Monday ,25 July

Warner, Marvel wow Comic-Con

GMT 09:17 2017 Monday ,08 May

Macron marches to French presidency

GMT 10:45 2016 Wednesday ,21 September

Tesla fixes security in Model S after Chinese hack

GMT 10:41 2017 Friday ,05 May

'Lobby money' behind fall of Philippine Chief

GMT 08:47 2018 Saturday ,20 January

After storm, trains resume limited service in Germany

GMT 14:22 2013 Friday ,11 October

American furniture
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday