13/04/2010
761-Points total of Market gains since the start of trading this year
Index declined after 3 sessions of gains, liquidity climbed to 4.7 billion SR.
Saudi stock index declined 11 points at the end of trading yesterday to close at 6883 points, after 3 consecutive sessions of gains earning 135 points, which enabled it to approach the level of 6900 points.
Despite the decline yesterday the market's gains was still 761-point increase by 12.4%since the beginning of the year.
Trading value succeeded to continue rising above the level of 4 billion riyals to new record levels reached 4.7 billion riyals which is the highest since more than 5 months and the amounts of which were traded 170.3 million shares made through the implementation of the 90.9 thousand transactions.
The Index opened his dealings with the red and depth of the losses to come in contact point 6869 at the half-hour first session, only the lowest point through it and succeeded beyond to get rid of those losses and approached again from the level of 6900 points, where on the point 6897 but did not succeed in cohesion then.
As for the of sectors performance, they ranged between red and green, and made high the petrochemical sector by 1.03%, while exports of low banking sector grew by 1.43% losing 257 points, after the colored all the shares of banks in red except Al-Jazirah Bank which rose 0.27%.
By the end of trading saw 55 advancers of the total 138 shares were traded to drop 63 shares, and exports rises shares flow rate of 9.29% to the price of 45.9 riyals, its biggest percentage rise since April 2009, while the top falls as Al-Riyadh Bank by 6.45% to the price of 28. 9 SAR biggest percentage decline since nearly a year, and the most active tours since September 2009.
The Gulf markets were closed mostly higher, except the Kuwaiti market, which have dropped slightly by 0.03%, Bahrain market hit their highest closes after strong support from the gains recorded by the commercial banks sector, to achieve a gain of 2.02% in an attempt to compensate some sharp losses incurred yesterday.
Globaly, Oil prices rose towards the level of 86 dollars per barrel with the support of dollar and the optimistic statements showed high and China's imports of crude oil to the second highest monthly level in March.
