‎TASI: Semi-collective rise in real estate stocks

‎TASI: Semi-collective rise in real estate stocks ‎TASI: Semi-collective rise in real estate stocks

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Tadawul trading screen

The Saudi Exchange’s (Tadawul) main index TASI witnessed today, July 9, a semi-collective rise in stocks of the real estate management and development sector.

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This came after the Cabinet, chaired by the Crown Prince Mohammed bin Salman, approved, on July 8, the updated law for property ownership by non-Saudis.

Shares of Umm Al Qura for Development and Construction Co. (Masar) and Saudi Real Estate Co. (Al Akaria) rose by 9% and 8%, respectively.

Performance of Real Estate Stocks

Company

Share Price

Change (%)

Trading Volume (mln shares)

Masar

26.70

+9%

13.64

Al Akaria

20.89

+8%

2.95

Retal

16.10

+7%

2.99

Jabal Omar

20.86

+5%

12.71

Emaar EC

14.53

+4%

0.65

Banan

4.85

+3%

1.49

KEC

14.18

+2%

2.42

Dar Al Arkan

20.03

+2%

2.26

Taiba

41.86

+1%

1.06

Makkah Construction

91.40

+1%

0.23

Riyadh Development

33.52

+1%

0.44

Sumou

42.42

+1%

0.41

Alandalus

21.82

+1%

0.77

Cenomi Centers

20.90

(1%)

9.97

Red Sea

47.98

(3%)

0.72

 

Tadawul trading screen

The Saudi Exchange’s (Tadawul) main index TASI witnessed today, July 9, a semi-collective rise in stocks of the real estate management and development sector.

This came after the Cabinet, chaired by the Crown Prince Mohammed bin Salman, approved, on July 8, the updated law for property ownership by non-Saudis.

Shares of Umm Al Qura for Development and Construction Co. (Masar) and Saudi Real Estate Co. (Al Akaria) rose by 9% and 8%, respectively.

Performance of Real Estate Stocks

Company

Share Price

Change (%)

Trading Volume (mln shares)

Masar

26.70

+9%

13.64

Al Akaria

20.89

+8%

2.95

Retal

16.10

+7%

2.99

Jabal Omar

20.86

+5%

12.71

Emaar EC

14.53

+4%

0.65

Banan

4.85

+3%

1.49

KEC

14.18

+2%

2.42

Dar Al Arkan

20.03

+2%

2.26

Taiba

41.86

+1%

1.06

Makkah Construction

91.40

+1%

0.23

Riyadh Development

33.52

+1%

0.44

Sumou

42.42

+1%

0.41

Alandalus

21.82

+1%

0.77

Cenomi Centers

20.90

(1%)

9.97

Red Sea

47.98

(3%)

0.72

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