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Tadawul up 4%; trade volume rises in month
Published in The Saudi Gazette on 14 - 12 - 2008

The Saudi stock market pushed up four percent on Saturday in the first session after the long Eid Al-Adha holiday, shrugging off economic turmoil in the United States and elsewhere.
The Tadawul All Share index rose 4.09 percent to close at 4,845.25, up 190.37 points from the previous session.
All key indices rose, with Alinma bank topping turnover and rising SR0.6 to close at SR11.75 ($3.1).
Market leader Saudi Basic Industries (SABIC) jumped 9.85 percent, or SR5.25, to SR58.5 ($15.6), while the losers' board was topped by Saudi Fransi Bank, which dropped SR1.6 to close at SR48 ($12.8).
The total amount of traded shares in the Saudi Stock Exchange for the month of November 2008 was SR129.71 billion, an increase of 7.91 percent from the previous month where the value of the traded shares was SR120.21 billion. The percentage share of Saudi nationals from the market trades was 90.8 percent for selling at SR117,72 billion and 90.6 percent for buying at SR117,50 billion.
The percentage share of Saudi companies from the market trades was 3.3 percent for selling at SR4.30 billion and 4.6 percent for buying at SR6.02 billion. The percentage share of investment funds from the market trades was 1.7 percent for selling at SR2.27 billion and 1.4 percent for buying at SR1.80 billion. The percentage share of GCC nationals from the market trades was 1.8 percent for selling at SR2.29 billion and 1.3 percent for buying at SR1.70 billion. The percentage share of Arab residence in Saudi Arabia from the market trades was 2.3 percent for selling at SR2.94 billion and 1.9 percent for buying at SR 2.52 billion. The percentage share of foreigners residence in Saudi Arabia from the market trades was 0.1 percent for selling at SR193,98 million and 0.1 percent for buying at SR176.49million.
Meanwhile, Tadawul said the bonus shares of Saudi Arabia Refineries Co. have been deposited into investor's portfolios on Saturday by granting one share and half for every one share owned.


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