11/03/2014
"Banks" and "petrochemical" gains limited the losses
Saudi shares .. slight decline under pressure from the «real estate development»
Saudi shares dropped slightly yesterday, to lose their highest level this year, as a result of pressure from the ' real estate ' after General market shares strikingly sector dominated the list of most declined. Downturn was anticipated, as indicated in the weekly report, where excessive purchase and prices its shares to record price levels, resulting in customer preference sale purchase, especially with the lack of distribution of some private sector companies cash dividends.
Seven sectors rose including banking and petrochemicals, but barely offset high real estate losses, however, driven by positive especially with some leadership as ' SABIC ' improves reading for today's trades, which must terminate at a height so that the market tends to prompt profit. And with high indicator with successively higher gains dealers market became more sensitive to the negative data, the levels of resistance at 8,082 points while support at 9421 points and 9,200 points.
The overall performanceof the market
The index openedthe year at9350points,andwas able to achievethe highest levelthis year,and fiveand a half yearsago,at9362points,gains of0.13 percent,did notmaintain thegainstolose,andthe lowestpointat9297points,losing0.57 percent.At the end ofthe sessioninstead ofmost of the losses,to close at9343points,losingsixpoints.Turnoverdropped0.61per cent,to reach11.1 billionriyals.Averagetransaction value of66.4perthousand riyals.Of shares tradedreached463 millionshares, down2 per cent.Recyclingrate of2.44per cent.Transactionsrose to168thousand transactions,increased by 12per cent.
Sector performance
seven sectors Raised,top of"agriculture"by 1.11per cent,followed bythe retail sector,by 1.06per cent,came in third asthe transport sector,by 0.86per cent.Compared with a declineof eightsectorsissued"real estate development"by2.61per cent,followed by"energy"by 1.13per cent,came in thirdsector"Hotels and Tourism"by 0.99per cent.Mostactively tradedsector, "real estate development"worth1.9 billionriyalsby 18 per cent, followed by"petrochemical"worth1.6 billionriyalsby 14 per centcame in thirdsectorbanksworth1.3 billionriyalsby 12 per cent.
Stock performance
159 shares was trading in the market , rose of which 58 shares , against a fall of 75 shares , and the closure of 26 stocks unchanged price , issued high share " abundance " , 6 per cent , to close at 35.30 riyals , followed by " Eastern Development " , by 5.94 percent , to close at 58 riyals , came in third share " HERFY " by 4.97 per cent , to close at 137.25 riyals. It was the biggest loser shares " Trade Union " , by 4.15 per cent , to close at 27.70 riyals , followed by " Makkah Construction " by 4.09 per cent , to close at 82 riyals , came in third share " Arkan " , by 4 per cent , to close at 12 riyals. And headed for 34 per cent of liquidity into six shares , and the issue of shares " Arkan " stock trading values , the value of 1.1 riyals , 10 per cent , followed by " development " worth 763 million riyals , 6.8 percent , came in third share " entity Saudi Arabia " worth 647 million riyals , up 5.8 per cent.
