Saudi Arabia - Stocks recorded the biggest drop in 10 months - June 16, 2014

sharon sanders · Jun 16, 2014

machine translation

hours prior to deployment, 4:11 p.m. - Monday 6/16/2014
Stocks recorded the biggest daily drop in 10 months

Riyadh - Abdulaziz Al-Saidi:

The local stock market continued to record more losses for a fourth straight session after hemorrhage overall index today 194 points, its biggest daily loss in ten months, and the result comes four sessions of losses at 382 points.

Since last Wednesday, and the market is under selling pressure intensified on most sectors, especially petrochemicals and banks because they represented the weight, while he was one of the largest sectors affected transport, paced by sea, and the media by the Tehama which slid shares until today's session up 71.57 percent of the highest price achieved in May 22, 2014 of $ 441.50 riyals.

Among the top five standards in the market, shrinking equity ratio improved high while the liquidity ratio of the purchase, despite its survival under the reference rate, and increased the amount of shares traded, the volume of liquidity, and the number of transactions executed.

At the end of the session the index closed at 9523.18, during which prevailed for sellers as transpiration him Akedza all market segments of the 15 and 147 companies in red.

http://www.alriyadh.com/944766

Laidback Al · Jun 17, 2014

Re: Saudi Arabia - Stocks recorded the biggest drop in 10 months - June 16, 2014

While the TASI (Tadawul All Share Index [SASEIDX]) lost almost 2% yesterday and has experienced losses over the last several days, these losses are associated with general market fluctuations.

In the past year, the TASI has experience more than a 25% gain. A comparison of the trailing 12-month graph of the index at Bloomberg.com (link) with the spike in MERS cases in late April 2014 (see current graph at Saudi Arabia Ministry of Health report) indicates that the increase in MERS cases in Saudi Arabia in April did not affect local stock trading prices. The TASI still has more than a 13% gain for the year to date.
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Saudi Arabia - Stocks recorded the biggest drop in 10 months - June 16, 2014

sharon sanders

Editor-in-Chief & President

Laidback Al

Well-known member