08/06/2017
Saudi
stocks are rising up, but slightly, did not compensate for the
loss in yesterday's session, to close at 6946 points, gaining 0.2 percent. The market nearly broke 6900 points during the session, with the lowest point at 6917 then losing 0.2% with the support of "banks" but about half of the liquidity
in the management and development of real estate and concentrated mainly
in the shares, "Dar Alarkan" stock active recently, and the
movements of the stock in light of the change in the management of the
company where the appointment of a new CEO. The market positive moves as oil prices fell. Brent
crude lost $ 50 yesterday, raising the risk of a further decline of $
47, putting pressure on the market, which appears to be unresponsive to
oil price movements at the beginning of the year and last year.
Market performance
The
general index opened at 6933 points, trading between highs and lows.
The highest point was 6951 points, or 0.26 per cent. The lowest point
was 6917, losing 0.23 percent. The index closed at 6946 points, 13
points, or 0.19 percent. Trading values rose up 2 percent to 3.6 billion riyals, a rate of 67 thousand riyals. While the traded shares rose 31 percent to 328 million shares traded, and the rate of shares was 1.7 percent. Deals fell 14 percent to 54,000.
Sector performance
Six sectors retracted against the rest. "Food retail" rose by 1.2%, followed by "capital goods" by 0.8% and "information" by 0.68%. The
retract was led by "commercial and professional services" by 0.79%,
followed by transportation by 0.79% and facilities by 0.36%. The highest turnover was "management and development of real
estate" by 48 percent, amounting to 1.7 billion riyals, followed by
"banks" by 21 percent to 762 million riyals, and "basic materials" by 13
percent, at 462 million riyals.
Stock performance
The market trading 174 stocks, which rose up 55% against the rest and the stability of 11 stocks. The
rising of "Saudi Ceramic" by 5% to close at 30.03 riyals, followed by Atheeb
Telecom by 4.8% to close at 8.99 riyals, and the third "Takaful Al
Rajhi" by 4.18% to close at 51.33 riyals. Albaha rose up 6.84% to SAR 26.43. Saudi Cement was the second by losing 2.78% to closing at SR 51.72. The third was Saudi Budget falling 1.97% to SAR 21.41. Dar
Alarkan was the most traded stock by 46 percent, valued at
1.6 billion riyals, followed by Alinma, with a value of 548 million
riyals at 15 percent and Sabic third with 10 percent.
