* Ahmed Al-Rasheed from Riyadh
Saudi stocks rose again to close at 8,339 points, a gain of 25 points, 0.3 per cent. The rise was led by "banks" in terms of influence in the general index points.
The highest performing real estate sector was 1.9% higher. "Al-Jazira Reit" scored the highest.
There was a trend towards this sector so that the liquidity grew 619% from the monthly average to trade 151 million riyals compared to 21 million riyals a monthly average for the sector.
The trend towards real estate units follows a decline in earnings on stocks in general.
With the decline in the prices of units previously, it gives attractive returns compared to stocks, which attracted liquidity.
It is especially because the market stopped from achieving new price levels, was traded in a side track during the short period, and with its inability to achieve a new summit despite the attempts of the market in the past three months, which limit capital gains as equity prices improve.
Resistance levels were at 8350 points, while the support was at 8280 points.
Overall market performance
The general index opened at 8314 points and headed towards the highest point at 8355 points, gaining 0.5%. At the end of the session, it closed at 8339 points, winning 25 points, 0.31 per cent.
Liquidity declined 4 percent by about 136 billion riyals to reach 3.4 billion riyals, a 37,000 riyals per transaction.
While shares fell 1 percent by 2 million traded shares to reach 152 million traded shares, with a turnover rate of 0.29 percent.
The deals fell 5 per cent by about 5,000 to reach 92,000 deals.
Sector performance
Nine sectors rose against the rest.
The rise was led by "Real Estate Funds" by 1.9%, followed by "Energy" by 1.2% and "Real Estate Management & Development" by 0.94%.
In contrast, the decline was led by "medicines" of 0.94%, followed by "long-term goods" of 0.89% and "luxury goods" of 0.73%.
The main turnovers were "Basic Materials" of 32% with a value of 1.1 billion, followed by "Banks" of 28% with a value of 980 Million, and then "Management and Real Estate Development" of 13% with a value of 458 million.
Stock performance
The rise was led be "Al-Jazira Reit" that closed at the maximum at SAR15.28, followed by "Taleem REIT " of 9.3 per cent to close at SAR 11.80, and "Al-Maather Reit" of 4.4 per cent to close at SAR 8.05
On the other hand, the decline was led by "Amana Insurance" of 6.1 per cent to close at SAR 18.12, followed by "Al-Hokair" of 5.8 per cent to close at SAR 24.40, and "THIMAR" of 4.1 per cent to close at SAR 29.15.
The highest turnovers were "Alinma" with a value of SR 714 million at 20 per cent, followed by "SABIC" with a value of SAR 582 million at 17 per cent and "Dar Al Arkan" with a value of SAR 289 million at 8 per cent.
* Economic Reports Unit
