Hilbroy Advisory Inc: Small-Cap Stocks Fuel Tadawul: by Jean-Francois Amyot
Montreal, 24 October 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –The stock benchmark Tadawul All Share Index increased 0.45 percent to close at 6,136.40 points yesterday. Saudi Arabia's domestic-driven stocks rose, but trade was muted, with investors wary of committing more cash to the market before Eid Al-Adha, a Muslim holiday in early November. Yesterday, the stock benchmark Tadawul All Share Index increased 0.45 percent to close at 6,136.40 points.
The insurance index rose 1.7 percent and agriculture and food stocks climbed 0.1 percent.
Petrochemical stocks were mixed, with the index flat. Saudi Arabian Mining Co. (Ma'aden) advanced to the highest level in three weeks, rising 1.6 percent to SR25.2.
SMN Power Holding SAOG (jumped 3.1 percent to SR3.63 on the first day of trading of the venture between International Power Plc, Mubadala Development Co. and Oman's National Trading Co. SMN Power's initial public offering raised SR24.6 million after attracting bids worth SR40.9 million ($106 million).
"The flow of liquidity has been stable over the last two weeks," said Tarek Al-Madi, an independent Riyadh-based financial analyst. Further adding, "Portfolios have been changing their positions according to the new results of Q3." Petrochemical giant SABIC ended up 1.08 percent at SR94.00. Solidarity Saudi Takaful Co. lost the most (off seven percent at SR23.80). Shares of Knowledge Economic City jumped 10 percent, closing at SR7.70.
"Leading stocks are not getting as much liquidity as before," Madi said, with small-cap stocks' third-quarter earnings attracting traders.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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