• Saudi stocks, the end cof the orporates earnings season urgs risk appetite for speculators


              Saudi shares is green again after missing gains during the last three sessions, ending the session at 7128 points, 25 points, or 0.35 per cent, and to defend the levels of 7100 points and not to close below.

    Performance with a decline to 7100 levels where it will see consolidation and rebound. In today's session, it is important to maintain the 7100 points to confirm that the wave of decline has ended, to restore confidence to the traders and open the appetite for risk and enter a wave of rise targeting the levels of 7360 points. The rise yesterday with the support of the banking sector led by "Al Rajhi", and in today's session is expected to be completed results of companies, which encourages increased activity interact with the companies.

      Mrket performance

    The general index opened at 7103 points, trading between high and low. The lowest point was 7091 points, losing 0.16%. The highest point at 7128 points was 0.36%. The session ended at 7128 points with 25 points, or 0.35%. Trading values ​​fell 19 per cent to SAR2.6 billion, at SAR30,000 per share, while traded shares fell 23 per cent to 136 million traded shares. Transactions fell 19 percent to 87,000.

    Sector performance

    Four sectors declined against the rest. The decliners were "media" by 2.6 percent, "utilities" by 1 percent, and "investment and finance" by 0.77 percent. The rise in the "real estate funds traded" rose 5 per cent, followed by insurance by 1.2 per cent and the third by real estate management and development. The highest turnover was "banks" with a value of SR 532 million (20%), "basic materials" (17%) at SR 455 million and "insurance" (16%) at SR 416 million.

    Stock performance

    The market traded 174 stocks, 107 shares roseup against 57 shares and stability of the rest. Al Jazirah was the top performer, closing at SAR 20.92, followed by Rait Education for the maximum closing at SAR 15.58. Medgulf Insurance came third with 9.8% closing at SR13.19. "Research and Marketing" was the top loser by 5 percent to SAR 62.93, followed by Yanbu Cement by 3 per cent to SAR 28.50 and Baha by 1.9 per cent to SAR 27.35. The highest drop was Alenmaa with 299 million riyals with 11 percent, followed by Sabic with a value of 268 million riyals by 10 percent and Al Rajhi third with 160 million riyals by 6 percent.

    Economic Reporting Unit

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