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DAILY INFORMATION & ANALYSIS
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MARKET OVERVIEW
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* All Price analysis is based on end-of-day closings
| Date |
3/10/2010 |
3/9/2010 |
Change |
| Index
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6565.95 |
6530.1 |
35.85  |
| Volume (000's) |
102,220 |
98,929 |
3,291 |
| Deals |
70,176 |
67,979 |
2,197 |
| Value SR (Mill) |
2688.2 |
2450.7 |
237.5 |
| Company Traded |
138 |
138 |
0 |
Winners |
71 |
45 |
26 |
Losers
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41 |
67 |
-26 |
| No Change |
26 |
26 |
0 |
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WHAT HAPPENED YESTERDAY (Last Session) (3/10/2010)
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Review of the Previous day:
The market rose moderately on Wednesday (March 10, 2010) a net 35.85 points (0.55%) and closed at 6566 point level. The market opened down then turned up and continued so throughout the day until closing near the day high.
The market moved in a range of just 49 points. Sentiment was bullish and 12 of the 15 sectors closed with gains. Amongst stocks with the highest volumes all 6 of the top 6 were gainers indicating a clear bias towards the buy side of the market.
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WHAT IS EXPECTED TODAY (3/13/2010)
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Outlook for Today:
On Japanese candlestick patterns the index after having formed a small black body candle has formed a white body candle on higher volumes.
Further, the index has risen above its 5 days moving average. The index is now above its 5, 15, 25 and 200 days moving averages and all the averages are positively trended. All these indicate a positive bias and the possibility of a further up move unfolding.
Investors are advised to hold long positions. Work with strict stop losses on all positions.
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SECTOR ANALYSIS
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Saudi Stock Market |
6,565.95 |
6,530.10 |
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35.85 |
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Banks & Financial Services |
17,039.62 |
16,968.00 |
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71.62 |
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Petrochemical Industries |
5,834.38 |
5,780.43 |
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53.95 |
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Cement |
4,327.86 |
4,292.11 |
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35.75 |
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Retail |
4,546.19 |
4,522.23 |
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23.96 |
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Energy & Utilities |
4,566.80 |
4,519.09 |
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47.71 |
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Agriculture & Food Industries |
5,566.12 |
5,553.55 |
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12.57 |
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Telecommunication & Information Technolo |
1,876.56 |
1,867.76 |
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8.8 |
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Insurance |
1,035.96 |
1,045.05 |
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-9.09 |
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Multi-Investment |
2,627.13 |
2,613.90 |
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13.23 |
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Industrial Investment |
4,835.43 |
4,827.15 |
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8.28 |
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Building & Construction |
3,871.26 |
3,836.59 |
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34.67 |
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Real Estate Development |
3,307.49 |
3,310.39 |
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-2.9 |
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Transport |
3,523.26 |
3,530.70 |
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-7.44 |
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Media & Pubs. |
1,789.46 |
1,784.29 |
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5.17 |
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Hotel & Tourism |
5,877.00 |
5,803.69 |
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73.31 |
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GENERAL BUSINESS & ECONOMIC
NEWS |
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3/10/2010
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3/7/2010 |
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3/4/2010 |
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2/20/2010 |
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More news...
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MARKET SUMMARY |
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Date
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3/10/2010 |
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Close
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6,565.95 |
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Previous
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6,530.10 |
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Change
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35.85 |
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Change %
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0.55% |
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Open
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6,530.10 |
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High
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6,572.25 |
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Low
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6,523.18 |
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Volume
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102,219,910 |
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Trade
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70,176 |
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Value (mill.)
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2,688.16 |
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YTD Change
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7% |
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52 Week High
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6,568.47 |
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52 Week Low
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4,400.21 |
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| TOP GAINERS (3/10/2010) |
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4.53% |
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4.25% |
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3.42% |
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2.46% |
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2.08% |
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2.06% |
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| TOP LOSERS (3/10/2010) |
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-5.70% |
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-4.24% |
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-2.93% |
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-1.11% |
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-1.00% |
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-0.94% |
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