• The Saudi market ends its session in the Green Zone despite the reduction in gains


    * Majed Al-Khaldi from Riyadh​​

    The Saudi stock market closed today's session in the green area, despite the reduction of half of the gains at the end of the session and during auction trades, while the general index maintained at the level of 7250 points at closing.

    Oil prices rose by about 1 percent today, as Brent crude prices rose to 41.7 dollars per barrel, and about 39.7 dollars per barrel of Texas crude, while Saudi Aramco shares gained 0.6 percent to reach the level of 32.7 riyals, to achieve the highest daily rise since The middle of last June.

    The market ended today's trading session at the level of 7253 points, so the general index rose 29 points or 0.4 percent, and trades were recorded during the end of transactions about 4.18 billion riyals and trading volumes amounted to 215.5 million shares, as trading declined compared to the previous session, which amounted to 6.1 billion riyals.
    On the leading stocks, Al-Rajhi Bank shares increased by 0.88 percent, which is the most influential on the general index for today's meeting, followed by Saudi Aramco, then Al-Marai, which rose by 2.3 percent.

    STC shares also fell by 0.6 percent, while the shares of Saudi Group Company fell by 3.4 percent, and the downward advanced 2.3 percent.

    As for the most upward shares in the market during today's session, Sulaiman Al Habib shares came in the forefront with gains of 7.3%, which recorded the highest level since the listings, followed by the shares of Takween Company 5.4% and 4.7% for the shares of National Education Company, among the 106 companies closed in Green area.

    On the other hand, the shares of 74 companies declined, topped by the shares of Al-Hokair Company, 4.2%, followed by shares of the Saudi Group Company, 3.4%,​ and 2.7% of declines in Wafra shares.​

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