• Despite the decline in liquidity. Saudi stocks return above the level of 7400 points


    ​* Majed Al-Khaldi from Riyadh​

    The Saudi stock market ended the session today, rising back above the level of 7400 points after losing it during the previous session, while many shares of small and medium-sized companies rose by more than 4 percent.
    The general index supported many sectors, especially the basic materials, and telecommunications sectors, as the two sectors halted a series of three-session declines, rising 0.75% and 1.4%, respectively.​
    The market ended today's trading session at the level of 7417 points, so the general index rose by about 40 points or the equivalent of 0.5 percent, and trades were recorded during the end of transactions about 6.55 billion riyals and trading volumes amounted to 328 million shares, to decrease liquidity by about 21 percent compared to the previous session.
    On the shares most influencing the movement of the market today, we find Al-Rajhi Bank shares rising by 0.7 percent, followed by SABIC rising 0.9 percent, then "STC" shares 1 percent, while the shares of Saudi Aramco fell 0.3 percent and Riyad Bank and Samba each 0.9 percent each.​
    As for the most upward shares in the market during today's session, all of the shares of Glass and Printing and Packaging Company rose to the highest level, followed by shares of Bahr Al Arab Company by about 9.3 percent, followed by shares of Sadiq with gains of 6.2 percent, and among the 164 companies trading in the green area.
    On the other hand, the shares of 26 companies, led by the cooperative Insurance Company and SAFCO shares, as well as the declining MIS, fell by 1.8 percent each.​​

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