shares dropped 21 points, or 0.3 percent, to close at 6933 points. The
decline came amid declining prices for 113 stocks and most sectors,
the market was able to recover most of the losses at the end of the
session, following a last-minute selective buying wave. Al Ahli rose
about 5 percent in the last quarter of an hour in the past few days. Saudi Fransi shares.
index is still in a sideways direction, fundamentals are well
supported by the profitability of companies in the third quarter, and
improved oil prices. The market faces resistance at 7000 points while support at 6800 points.
The general index opened at 6954 points, did not gain to the lowest
point at 6849 points, losing 1.5%. At the end of the session, the index
closed at 6933 points, losing 21 points, or 0.3%.
Liquidity declined by 8 percent to SAR3.3 billion, or SR396,000, to SAR398,000. While
traded shares dropped 13 percent by about 26 million shares to reach 180
million shares traded, and the drop rate was 0.95 percent. Deals dropped 2 percent to 87,000.
sectors except Investment and Finance declined by 3 percent, followed
by Food Retailation by 0.8 percent and Management and Real Estate
Development by 0.4 percent. The drop was led by "Media" by 3%, followed by "Consumer Services" by 2.6%, and "Retail Luxury Goods" by 2%. The highest drop was "Banks" with a value of SR 32 billion,
followed by "Basic Materials" by 21% to SR 727 million and "Real Estate
Management and Development" by 20% amounting to SR 670 million.
The market traded 176 stocks, 61 shares rose against 113 shares and stability of the rest. Al Ahlia rose 7 percent to SAR 11.40, followed by Mesk by 6 percent to SAR 7.65 and Dar Al Arkan by 6 percent to SAR 9.53. On the other hand, the decline of "exports" for the maximum to close
at 19.74 riyals, followed by "Mecca Construction" by 6 percent to close
at 63.28 riyals.
The highest drop was Dar Al Arkan (Rls 564 million) at 17 per
cent, followed by Al-Enma (Rls 524 million) at 15 percent and SABIC
(438 million riyals) at 13 percent.