Browse
related articles
Tadawul market bull run continues as construction-related shares surge
- Saudi Arabia: Monday, December 03 - 2012 at 17:11
The Tadawul All-Share Index gained for the third day straight, ending 0.36% higher at 6,732.46 points. The sentiment in Riyadh was supported by rising oil prices (up $0.62 at $108.31, DME Oman crude). The cement sector index (up 1.14%) gained the most among the Tasi sub-indices. Shares of Dar Al-Arkan Real Estate Development surged 0.63% to hit SR8.00. Earlier in the day, Arab News said the kingdom was in need of a SR1.3trillion ($346bn) housing investment by 2020 to satify the rising demand. Around 60% of the 28m Saudi nationals are younger than 30 years. Thorsten Schneider, business unit manager Gulf region at Germany's industrial giant Henkel Group said in an interview with Xinhua last month he was more bullish on Saudi Arabia than on the UAE in relation to construction and real estate. "The kingdom has a housing gap of 5 million homes, while residential construction in the UAE is much more volatile and speculative," said Schneider.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistMonday, December 03 - 2012 at 17:11 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
