ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 10:47 UAE time

YOUR DIRECTORY /

| Share |

Saudi bourse rises again as foreigners move in

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 24 August 2008
ON THE UP: Saudi shares continues to perform well on Sunday. (Getty Images)
ON THE UP: Saudi shares continues to perform well on Sunday. (Getty Images)

Saudi Arabia's benchmark extended gains on Sunday after making its biggest one-day gain since April 2007 the previous day as investors piled into blue chips on a new rule that allows foreigners to buy shares through intermediaries.

Riyad bank rose 3.6 percent and Samba Financial Group gained 2.1 percent.

The benchmark, up more than 5 percent on Saturday, jumped a further 0.88 percent to 8,981.96 points.

Meanwhile, the Bahrain Stock Exchange will reduce its trading hours by 30 minutes during Islam's holy month of Ramadan, it said on Sunday.

Story continues below ↓
advertisement

Trading will begin at 10am local time during the lunar month which coincides with September and end at 12.30pm, the bourse said in a statement on its website. The session normally starts at 9.30am.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST FINANCIAL MARKETS

  1. Gulf Arab investors discouraged by Morocco's red tape
  2. GE unit nears Islamic bond sale
  3. UAE indexes extend losses; property weighs
  4. UAE's First Gulf Bank sets guidance for $500m bond
  5. SABIC weighs as Saudi index ends lower

TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi eyes major growth in non-oil sector
  2. STC vows to honour free calls pledge
  3. Mideast business jets market seen growing 6% for 10 years
  4. Abu Dhabi firm in talks to build Iraqi homes mega project
  5. Oman Air increases free baggage allowance

ALSO IN MIDDLE EAST FINANCIAL MARKETS

  1. Dubai index rebounds from 10-week low
  2. Emaar stocks main drag on Dubai index
  3. Saudi index down, banks and petchems weigh
  4. Islamic finance steps up
  5. Gulf Arab investors discouraged by Morocco's red tape

LATEST MIDDLE EAST BUSINESS NEWS

  1. Retail: Jeweller closures ‘inevitable’ as gold demand slumps
  2. Politics & Economics: Abu Dhabi eyes major growth in non-oil sector
  3. Travel & Hospitality: Oman Air increases free baggage allowance
  4. Construction & Industry: Abu Dhabi firm in talks to build Iraqi homes mega project
  5. Retail: UAE grocery sales growth slumps in 2009

SHARE PRICE CHECK

RELATED STORIES

Riyad Bank
| 20 stories
  1. Doubts persist after Saudi banks book more provisions
    24 Oct '09 | News
  2. Saudi Mobily refinances SR1.5bn Islamic loan
    11 Oct '09 | News
  3. NBK cuts fair value estimates on 4 Saudi banks
    23 Sep '09 | News
Samba Financial Group - Saudi Arabia
| 30 stories
  1. Saudi Mobily refinances SR1.5bn Islamic loan
    11 Oct '09 | News
  2. NBK cuts fair value estimates on 4 Saudi banks
    23 Sep '09 | News
  3. Algosaibi no longer Samba chairman - bank
    13 Sep '09 | News

RELATED LINKS

  1. Riyad Bank»
  2. Samba Financial Group - Saudi Arabia»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Riyad Bank

  2. Samba Financial Group - Saudi Arabia

  3. Financial Markets


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Why I h8 junk txts 10
    24 Nov ' 09 at 10:09
    I tried calling the phone company after they woke me too many times in the middle of the night. The person on the line said there was...   More  »
  2. Dubai developers see negative press reports decline 09
    24 Nov ' 09 at 07:48
    How much can one read/write abt one particular event. That’s the only reason the negative writing has gone down no one is interested...   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 05
    24 Nov ' 09 at 09:42
    Not only UAE, now India is also concerned about Diabeties. Me too having this sweet disease, but I handle it with my mind control,...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY