02/08/2017
Saudi
shares returned to profitability to break the longest losing streak in a
year, 7100 points to close above 9 points, or 15.1 points,
0.21 percent, supported by SABIC's "core materials". Performance came in line with earlier reports as the market fell to 7050-7100 points and then the bounce. yesterday,
buyers dominated the session as no losses were recorded during the
session to trade throughout the day in the Green Zone. Yesterday
trading is a positive sign of the end of the wave of decline, so the
market today needs to be firm and remain green to make sure that the
wave of decline is over, so that the market will enter a new wave of
rise. So far the results of the companies, so
they will remain influential in the market moves until they are
completed.
market performance
The
general index opened at 7094 points, did not make any losses to move to
the highest point in the session at 7132 points, winning 0.54 percent.
At the end of the session, he closed at 7109 points, winning 15 points,
or 0.21 percent. Trading values rose 10 per cent to 3 billion riyals, and the average value per transaction was 36,000 riyals. Transactions roseup 1 percent to 86,000.
Sector performance
Ten Capital goods roseup by 1.8 percent, followed by long term goods by 1.7 percent and transport by 1.4 per cent. Food production dropped 2 percent, followed by Telecommunications by 0.98 per cent and Food Retail by 0.84 per cent.
The highest was "Banks" with a value of SR 946 million
(31%), "Basic Materials" (31%) with SR 941 million and "Food Production"
(6%) with SR 195 million.
Stock performance
The market traded 174 stocks, 113 losers, 58 losers and three stocks. The paper industry rose 10 per cent to SAR 7.37, followed by MEPCO by 8.1 per cent to SAR17 and MASC by 7 percent to SAR 6.60. On the other hand, Savola Group was the biggest loser by 4 per
cent to close at SAR 42.98, followed by Shams by 3.7 per cent to SAR
30.37 and Saudi Chemical by 2.7 percent to SAR 37.35.
The highest turnover was AlEnma (SAR 651 million), followed by
SABIC (SAR 621 million) and Al Rajhi (238 million riyals) at 8 percent.
Economic Reporting Unit
