Saudi shares ended the month of November up 69 points by 1 per cent to close at 7003 points. The good rise comes after sharp declines in the previous month, which
lost 348 points by about 5 per cent, as well as the declines during the
month and the market fell about 2.6 per cent to 6,752 points to record
the lowest close in a year.
The purchasing wave, which was active at the end of the month, managed
to erase losses and record gains by achieving the longest 10-month
rally, where it lasted seven consecutive sessions.
The market value of listed shares rose by 13.4 billion riyals in November to 1.65 trillion riyals.
value of trading increased by 8.6 billion riyals to reach about 75.2
billion riyals with a growth rate of 13 percent, while the traded shares
reached about 4 billion shares with a growth of 935 million shares by
30 percent, while transactions rose by 244 thousand transactions by 14
percent to reach To 1.9 million transactions.
the sectors sector, seven sectors rose against the rest of the sectors.
The rise was "management and development of real estate" by 2.2%,
followed by "basic materials" by 2.2% and "banks" by 2.1%. "Investment and Finance" topped 16%, followed by Consumer Services (14%) and Media (11%).
the other hand, Al Qassim Cement rose by 12 per cent to close at SAR
44, and Makkah Construction was the third with 11 percent closing at
SAR 80.42 . Exports dropped 45 percent to SAR 14.45, followed by Al Tayyar by 21
percent to SAR 25.78 and KSA by 20.9 per cent to SAR 8.21.
month is the last in the fourth quarter, with the decline in the
profitability of the market and the improvement in current returns. We
may find moves from the investment portfolios towards the return shares,
which will result in the performance of the general index, in addition
to buying operations to anticipate the announcement of the annual
market continues to have catalysts, which are becoming increasingly
important over time, including its accession to global indices that
increase the flow of foreign investments that have been loosened by the
CMA, and markets usually move positively before any market joins global
revised fiscal balance will be announced, which seeks to step up
support to ease pressure on the private sector and boost economic
growth. The month is likely to end above 7000 levels in light of the current
positive data and the stability of Brent crude prices above $ 60.