Saudi stocks returned to profitability to close at 7,560 points, gaining 63 points, or 0.8 percent.
The market recovered 7500 points with the support of most sectors, which contributed to the growth of the market value by 15 billion riyals to reach 1.79 trillion riyals.
The performance of the market coincides with the speech of the Custodian of the Two Holy Mosques in Shura Council, who affirmed that "Saudi Vision 2030" achieves its objectives at satisfactory rates and continues to support the private sector and enable it as an active partner in development.
He stressed that the fiscal policies seek to balance the control of spending and raise efficiency and support economic growth.
That speech contributes to improving investor sentiment that reforms will not be at the expense of economic growth.
It also confirms the ability of Saudi Arabia in the face of current declines in oil and forecast without harming the growth of the private sector.
Overall market performance
The general index opened at 7496 points, trading between high and low.
The highest point was at 7,570 points, 0.98 per cent, while the lowest point was at 7473 points, losing 0.32 per cent.
At the end of the session, the general index closed at 7560 points, gaining 63 points, or 0.84 per cent.
Liquidity declined by 8 percent by about SR231 million to reach SAR2.8 billion, with the average value of the deal at SAR28,000.
Traded shares fell 15% by about 22 million traded shares to reach 120 million shares, and the turnover rate was 0.22%. The deals fell 11 per cent by about 12,000 to reach 98,000 transactions.
Sector performance
Five sectors fell against the rise of the rest.
The rise was led by "luxury goods segment" by 1.9 percent, followed by "banks" by 1.4 per cent, and "Investment and Finance" by 1.3 per cent.
The decline was led by "capital goods" by 1.3 percent, followed by "long-term goods" by 0.77 per cent, and "transport" by 0.7 per cent.
The highest turnovers were "basic materials" at 32% with a value of SR 885 million, followed by "banks" by 24 per cent with a value of 656 million riyals, and "food production" by 8 percent with a value of 230 million riyals.
Stock performance
The rise was led by "fish" with the maximum to close at 28.05 riyals, followed by "AlBaha" by 9.5% to close at 21.20 riyals, and " Najran Cement " by 5.7% to close at 8.70 riyals.
In contrast, the decline was led by "SIECO" for the maximum to close at 108.60 riyals, followed by "Arabian Cement" by 4.6 per cent to close at SAR 22.50, and "National Company for Learning & Education" by 2.8 percent to close at 19.44 riyals.
"SABIC" had the highest turnover of SR 467 million by 17 per cent, followed by "Alinma" of 279 million riyals by 10 per cent, and "Al-Rajhi" of 197 million by 7 per cent.
* Economic Reports Unit
