Saudi shares fell 0.59% to close at 6913, losing 40 points.
decline is in spite of the completion of the results of companies that
showed a growth in profitability, but near a record level of profits, as
well as improving the performance of oil, which settled above $ 60 in
Brent crude, and the government disclosure of increased government
spending next year, and the extension of financial balance to achieve
sustainable growth in The economy and ease pressure on the private sector.
The market witnessed the selling off since November 5, but selective
buying at the end of the session puts the index back higher after buying
influential companies in the index.
The index on the exit path requires a break of 7000 points or a break of 6800 points.
The general index opened at 6954 points, falling in two sessions and rose in the rest. The highest point was 6983 points, 0.41%, while the lowest point
at 6849 points, losing 1.5% at the end of the session, the index closed
at 6913 points, losing 40 points, or 0.59%.
Trading values dropped by 26 percent to 5.9 billion riyals to 16.5 billion riyals.
While traded shares dropped 156 million shares by 14 per cent to 970 million shares traded drop rate of 1.9 percent. Deals dropped 13 percent to 454,000.
Eight sectors rose against the rest of the rest and the stability of "medicines". Consumer services rose by 5.4%, followed by Property Management and Development (5.2%) and Media (4.6%).
Investment and finance rose by 3.4%, followed by "transportation" by 3.1% and "capital goods" by 2.4%.
The highest drop was "Banks" by 27 percent, at 4.4 billion
riyals, followed by basic materials by 23 per cent, with a value of 3.9
billion riyals, and real estate management and development at 21 percent.
The market traded 176 stocks. The rise in Mesk rose 17 percent to
8.34 riyals, followed by the pottery at 13 percent and the third by Anaam
Holding by 12.8 percent to SAR13.16.
The decline was followed by exports by 37 percent, followed by
Dar Al Arkan by 18 percent to SAR 7.29 and Makkah by 16 percent to SAR
Dar Al Arkan was the top performer with 16 percent of SR 2.7
billion, followed by Enma by 13 percent and SAR 2.2 billion. SABIC
was third with SAR1.7 billion, 10 percent.