*Ahmed Al-Rasheed from Riyadh
Saudi shares were able to return to profitability with yesterday's rise by about 45 points, or 0.58 per cent, to close at 7939 points, with the basic support of the banking sector, led by "Al Rajhi."
The rebound from the 7880 support level strengthens the positive technical situation of the market, especially if the market succeeds in exceeding 8040 points, which will increase risk appetite and market appetite.
So far, most of the corporate results have not been shown and are the driving force behind the market. Oil price volatility did not affect market movement in yesterday's session, but keeping oil at current levels is important to keep sentiment high.
Overall market performance
The general index opened at 7893 points, trading between high and low.
The highest point was at 7943 with 0.64 per cent, while the lowest point was at 7862 points with 0.4 per cent.
At the end of the session, the general index closed at 7939 points, winning 45 points, or 0.57 per cent.
Liquidity declined 3 percent by about 100 billion riyals to reach 2.8 billion riyals, or 31,000 riyals.
While traded shares fell 9 per cent by about 12 million traded shares to reach 118 million traded shares, with a turnover rate of 0.22 per cent.
Deals fell 3 per cent by about 2,000 to reach 91,000 deals.
Sector performance
Nine sectors declined against the rise in the rest.
The decline was led by "Food production" dropped 1.2 per cent, followed by "health care" by 0.69 per cent and "food fragmentation" by 0.39 per cent.
The rise was led by "luxury goods" by 1.68 percent, followed by "banks" by 1.3 percent and "information and entertainment" by 0.9 percent.
The highest turnovers were "Basic Materials" by 43% valued at SR 1.2 billion, followed by "banks" by 28 per cent at a value of 799 million riyals, and "management and development of real estate" by 8 per cent of the value of 227 million riyals.
Stock performance
The rise was led by "Dar Al-Arkan" by 3.8 percent to close at 10.02 riyals, followed by "Nama" by 3.39 per cent to close at SAR 28.95, and then "BCI" by 2.6 percent to close at 22.68 riyals.
On the other hand, the decline was led by "Alujain" by 6.5% to close at SAR 24.92, followed by "Saudi Cables" by 3.99% to close at 26.50 riyals, and followed by "SPM" by 2.9 percent to close at 11.90 riyals.
"SABIC" had the highest turnover of SR 401 million at 14 per cent, followed by "Alinma" by 14 per cent with a value of SR 397 million, and "Al-Rajhi" by 10 per cent with a value of 274 million riyals.
* Economic Reports Unit
