Saudi stock market closes flat at 6,606

10 April 2011

Strong gains in the insurance segment were not sufficient to lift the Riyadh-based Tadawul market which ended flat at 6,606.69 points on Sunday. Weqaya Takaful surged 9.98% to reach SR24.25. According to the Ernst and Young World Takaful Report, which was published earlier in the day, there are 32 Takaful operators in KSA, and they have contributed $3.9bn in 2009. Contributions per Saudi Takaful operator stood at $64m. Shares of Yanbu Cement were the top losers (down 2.40% at SR44.80). Market bellwether Sabic added 0.70%, closing at SR107.50. Eighty-eight shares gained, 39 lost and 17 remained even.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications