Daily market commentary
Index ended its first session of the week with a slight decline, and liquidity recorded 4.7 billion riyals
Investors monitoring the stock movement, where the market index ended its first session of the week with slight decline.
General index of Saudi market ended the first session of the week down by 0.13 percent, loss of 8.7 points, taking the total gap between it and the levels of 6900 points, and thus the gains of the Saudi market reached to 760 points as since the beginning of the year the index raised up to 12.4 percent, index has seen rises slightly in the last two sessions in which it earned seven points.
The Index opened his transactions yesterday at the red zone and on the point 6831 after half an hour of the session, as its lowest point, but soon it succeeded in getting rid of its losses and try to approach the level of 6900 where on the point 6895, half an hour before the closure, but could not progress more than that and saw a reduction of the gains at the end of trading to close at the point 6882.
Trading value decreased from the levels recorded in the last two sessions last week recording 4.7 billion riyals, it reduced by 9.6 percent from the transactions values at last Wednesday session, which amounted to 5.2 billion riyals, and the amounts of which have been traded today were 206.7 million shares made through Implementation of 83.6 thousand transactions.
As for the sectors performance in which four sectors have risen only, while the rest declined, the petrochemical sector was up by 0.43 percent gaining 27.62 points, followed by the industrial investment with a rise of 0.26 percent gaining 13.46 points, while the real estate sector rose by 0.17 per cent gaining 5.79 points.
The closing price today was the highest since more than a year and seven months, as the stock price reached to 62 riyals on September 13.
Followed by SADAFCO, which rose by 5.92 percent gaining 2.95 to close at 52.75 riyals, Saudi Kayan came in third place, which rose 5.54 percent to close at 20.95 riyals gaining 1.10 riyals. As for declined companies Al Jouf Agricultural came on top, whose stock fell by 8.72 percent, losing three riyals, to close at 31.4 riyals, and Falcon Insurance, which fell by 5.63 per cent losing 3.25 riyals and standing at 54.5 riyals, followed by Saudi Budget, which was closed down by 4.31 lost 2.75 percent to close at 61 riyals.