* Ahmed Al-Rasheed from Riyadh
Saudi stocks rebounded to close at 7,942 points, winning 27 points, or 0.35 per cent, with the support from the real estate management and development sector led by "Jabal Omar." The leading sectors played a supporting role as well.
The performance was in line with the previous report, which pointed to the emergence of data to improve the expectations of the performance of the market, and with the continuation of winning sessions during the week will enhance the market appetite of dealers. This will push the market to 8180 levels in consolidation above 7910-7960 points.
Overall market performance
The general index opened at 7915 points, trading between high and low. The highest point was at 7955 points, 0.51%, while the lowest point was at 7914 points, losing 0.01%.
At the end of the session, the general index closed at 7942 points, winning 27 points, or 0.35 percent. Liquidity rose 11 percent by about 218 millions riyals to reach 2.2 billion riyals, or 30,000 riyals per transaction. Traded shares fell 2 per cent by 1.4 million shares to reach 90 million shares, and the turnover rate was 0.17 per cent.
Deals rose 12 per cent to reach about 73,000 deals.
Sector performance
Ten sectors rose against the decline of the rest and the stability of "medicines."
The rise was led by "management and development of real estate" by 1.7%, followed by "telecommunications" by 1% and "insurance" by 1%.
While the decline was led by "health care" by 0.9%, followed by "luxury goods" by 0.56% and "energy" by 0.4%.
The highest turnovers were "Basic Materials" by 33% with a value of SR 741 million, followed by "banks" by 31 per cent with a value of 700 million riyals, and "Real Estate Management and Development" by 9 per cent with a value of 190 million riyals.
Stock performance
The rise was led by "SSP" by 7.6% to close at SAR 22.50, followed by "Wafa Insurance" by 3.6 per cent to close at 12.20 riyals, and then "Jabal Omar" by 3.5% to close at 38.30 riyals.
In contrast, the decline was led by "Al-Alamiya" by 4.6 percent to close at SAR 32.20, followed by "Chemical" by 3.8% to close at 31.65 riyals, and "Refineries" by 2.5 per cent to close at SAR 45.25.
The highest turnovers were "Alima" by 23% with a value of SR 508 million, followed by "SABIC" of 16% with a value of SR 351 million, and "Al Rajhi" by 3% with a value of SAR 79 million.
* Economic Reports Unit
