Saudi shares returned to a gain of 1.21% and close at 7,799 points, 0.21 percent. The performance was in line with the previous report, where the market trend of cohesion and attempt to close in the Green Zone was pointed to the lowest point at 7747 points, seven points behind the mentioned support. The closure was five points behind the resistance. Yesterday's session signals a possible end to the wave of decline and entry into a new wave of gains, especially as liquidity improved by 9 percent to nearly 4.7 billion riyals. Keeping the market-in today's session-on green will restore risk appetite for the market, pushing them to levels close to 8000 points.
Overall market performance
The general index opened at 7783 points, trading between high and low. The highest point was at 7799 points, while the lowest point at 7747 points lost 0.46%. At the end of the session, it closed at 7799 points, winning 16 points, 0.21 percent. Liquidity rose 9 percent to reach SAR 4.7 billion, up 39 percent from SR 392 million. Traded shares increased 17 percent by 32 million shares to reach224 million shares, with a turnover rate of 0.43 percent. Deals rose 9 percent to reach 119,000 deals.
Seven sectors declined, over the rest. The rise was led by "Transport" of 1.2%, followed by "management and development of real estate "of 1.18%, and "medicines" of 1.16%. "Retail luxury goods" of 1.66%, "food segmentation" of 0.93%, and "real estate funds traded" by 0.73% led the decline.
The main turnovers were "Basic Materials" with 29 percent of a value of SR 1.3 billion, "Banks" with a value of SR 1.1 billion at 24 percent, and "Real Estate Management and Development" at 19 percent of a value of SR 890 million.
The rise was led by "Dar Al-Arkan" that rose 7.5 percent to close at SAR 12.96, followed by "Al-Sorayai Group" by 4 percent to close at SAR 13.48, and "Maadanyiah" by 3.8 percent to close at SAR 19.54. On the other hand, the decline was led by "SCC" by 3.98 percent to close at 10.38 riyals, followed by "Saudi Cement" by 3.8 percent to close at 49.51 riyals, and then "SAB" by 3 percent to close at 29.92 riyals. The highest turnovers were "Dar Al-Arkan" with 17 percent with a value of SR 803 million, followed by "Alinma" by 14 percent with a value of SAR 654 million, and "SABIC" with a value of SAR 630 million at 13 percent.
* Economic Reports Unit