* Ahmed Al-Rasheed from Riyadh
The banks returned Saudi stock market to 8,000 points after they helped break them in a previous session.
The general index closed at 8008 points, winning 27 points, or 0.34 percent.
The market value rose by about 6 billion riyals to reach 1.9 trillion riyals.
The recovery of the market regained the barrier of 8000 points, which improves the morale of the traders, as the exceed of 8040 points is important in technical terms to strengthen the upward trend.
The market failed earlier at these levels after the growth of selling forces, and overcoming these levels enhances the appetite for risk as a result of the ability of the market to face the market selling pressures, while support levels were at 7940 points.
Overall market performance
The general index opened at 7981 points, trading between the high and low.
The highest point was at 8010 points, gaining 0.37 per cent.
While the lowest point was at 7940 points, losing 0.51%.
At the end of the session, the general index closed at 8008 points, 27 points, or 0.34 per cent.
Liquidity declined 9.5 percent by about 319 million riyals to reach three billion riyals at a rate of 33 thousand riyals per transaction.
While the traded shares fell 5% by about 7.3 million traded shares to reach 126 million shares, and the turnover rate was 0.23%.
Deals fell 9 percent by about 9,000 to reach 92 thousands deals.
Sector performance
Five sectors retreated against the rise of the rest.
The decline was led by "food production" by 0.6 percent, followed by "commercial and professional services" by 0.59 percent, and "information and entertainment" by 0.52 percent.
While the rise was led by "consumer services" by 1.9 percent, followed by "energy" by 1.8 percent, and "food fragmentation" by 1.2 percent.
The highest turnovers were "Basic Materials" by 37% with a value of SR 1.1 billion, followed by "banks" by 27 per cent with a value of 833 million riyals, and "Management and Development of Real Estate" by 7 per cent with a value of SR 219 million.
Stock performance
"AlAhli Takaful" was the top gainer that is rising 4.96% to close at SAR 26.45, followed by "Batic" by 4.67 per cent to close at 36.95 riyals, and "Care" by 4 per cent to close at 50.50 riyals.
On the other hand, the decline was led by "Alujain" by 5.5% to close at SAR29.95, followed by "Al-Alamiya" by 2.5% to close at 36.50 riyals, and "AlBaha" by 2.3% to close at SAR 15.14.
The highest turnovers were "Alinma" by 17% with a value of SR 510 million, followed by "SABIC" by 14% with a value of SR 431 million, and then "Saudi Kayan" by 7 per cent with a value of 205 million riyals.
* Economic Reports Unit
