Ahmed Al-Rasheed from Riyadh
Saudi stocks rose for the third session to close at 8160 points, winning 71 points, about 0.88 percent, while the MT30 index, which measures the performance of the blue-chips, increased seven points by 0.68 percent. The improvement in performance came with a quasi-collective rise in the sectors, and small and medium stocks achieved better performance than the leaders, and five stocks rose for the maximum percentage to show the return of the sharp speculative tendency in the market. The market was able to close above 8090 levels and face a 20-day average at 8,188 points, which forms resistance to exceeding it, which gives an incentive to rise further. In today's session, global markets will return to trading with the approaching end of the deadline for the disclosure of financial results for the third quarter, and these factors may increase volatility.
Overall market performance
The general index opened at 8,065 points, and achieved the lowest point at 8,065 points, losing 0.3 percent, while the highest was at 8,160 points, winning 0.88 percent. At the end of the session, the index then closed a winner of 71 points, about 0.88 percent. Liquidity increased 3 percent by 211 million riyals to reach 7.4 billion riyals, while traded shares increased 9 percent by 24 million shares to reach 287 million traded shares, and deals fell 2 percent by 6.7 thousand deals to reach 327 thousand deals.
Sectors performance
The "health care" sector alone declined by about 0.12 percent, compared to an increase in the rest, and "medicines" stabilized. The rise was led by “investment and finance” by about 3.6 percent, followed by “capital goods” by 2.9 percent, and by “media and entertainment” by about 2.3 percent.
The highest turnover was "basic materials" by about 19 percent with a value of 1.3 billion riyals, followed by "insurance" by about 12 percent with a value of 913 million riyals, and thirdly, "food production" by about 11 percent with a value of 797 million riyals.
Stock performance
The rising shares were led by "Anaam Holding" by 9.98 percent to close at 138.80 riyals, followed by "Gulf Training" by 9.94 percent to close at 21.24 riyals, and the third by "Refineries" by 9.92 percent to close at 85.30 riyals. On the other hand, the "chemical" decline was led by 4.3 percent to close at 34.05 riyals, followed by "United Insurance" by 3.9 percent to close at 12.76 riyals, and the third "Al-Saqr Insurance" came about 3 percent to close at 13.48 riyals.
The highest turnover was "refineries" with a value of 507 million riyals, followed by "Al-Rajhi" with a value of 332 million riyals, and "al-fish" with a value of 257 million riyals.
Economic Reports Unit
