10/09/2020
* Majid Al-Khalidi from Riyadh
The Saudi stock market ended yesterday's session with a slight decline, as the market succeeded in reducing a large part of the opening losses, which exceeded 65 points, while the wave of small companies' shares continued to rise, as 5 shares closed at the upper limit at the end of today's trading.
The performance of the sectors varied yesterday, as the telecom sector rose by about 1 percent, which is the most supportive of the market today, after the shares of Etihad Telecom rose by 3.1 percent, as well as the rise of Zain shares by 9.2 percent, while STC shares declined slightly.
The insurance sector also rose today by 2.4%, as all the sector’s shares rose in varying proportions, issued by the shares of Amana and Wataniya, as well as Enaya after it jumped to the maximum, to record the sector one of the highest daily transactions in more than 4 years after recording 92.6 million shares worth 1.88 One billion riyals.
In quiet trading, Saudi Aramco shares fell today by 0.4 percent, to close at 35.8 riyals, and the share traded at about 7.3 million shares, valued at 261.3 million riyals.
The market ended today's session’s trading at 8,079 points, recording a decline of 10 points, or the equivalent of 0.1 percent, and trades at the end of transactions recorded about 12.78 billion riyals, which is less than the previous session’s trading of 13.98 billion riyals.
Regarding the stocks that rose to the most in the market during today's session, the shares of 5 companies rose at the highest level (exports, Amana Insurance, Gypsum, Al Watania, Enaya), while Zain shares rose 9.2%, followed by shares of the Arab Sea Company 7.8%. Out of the 100 companies whose shares are traded in the green point.
On the other hand, the shares of 86 companies, led by Jabal Omar shares, declining by 3.9 percent, ending the continuous rally since August 27, followed by Al-Kathiri's shares by 3.6 percent, then Glass Company shares by 2.9 percent.
