* Ahmed Al-Rasheed from Riyadh
The banking sector push the Saudi stocks to rise 70 points by 0.9% to close at 7702 points, which increase the market value by about 16 billion riyals to reach 1.82 trillion riyals.
The performance was in line with the previous report, where it was noted that the market is expected to reach the levels of 7715 points, where the closure came close to the target.
During the weekend, fundamental variables are expected to occur at the G20 meeting, which may have a reversal on local equities through the improvement of oil prices in the event of the emergence of data to accept Russia's production cut with OPEC, as well as in the case of reduced trade tension between China and the United States.
The two countries are Saudi Arabia's most important trading partners, and the Chinese market is a major oil and petrochemical market that plays an important role in the Saudi economy.
Overall market performance
The general index opened at 7632 points, the market moved to the highest point in the session at 7702 points winning 0.9%.
The session ended at 7702 with 70 points winning 0.9%.
Liquidity rose 16 percent by about 57.3 million riyals to reach 4.3 billion riyals, or 36,000 riyals.
While the traded shares increased 3% by about 4.2 million traded shares to reach 155 million shares, and the turnover rate was 0.3%.
Deals fell 11 per cent by about 15,000 to reach 119,000 deals.
Sector performance
Six sectors retreated versus the rise of the rest.
The decline was led by "Consumer services" by 1.4 percent, followed by "Media and Entertainment" by 1 percent, and "Long Term Goods" by 0.7 percent.
The rise was led by "Food Retail" by 1.6%, "Banks" by 1.6% and "Retail Luxury Goods" by 1.6%.
The highest turnovers were "basic materials" by 20 percent with a value of 855 million riyals, followed by "banks" by 18 per cent with a value of 765 million riyals, and "Retailing of Luxury Goods" by 15 percent with a value of 648 million riyals.
Stock performance
The rise was led by "Al-Hammadi" with the maximum high to close at SAR 25.30, followed by "Samba" by 4.7% to close at 30.95 riyals, and "Halwani Bros" by 4.5% to close at 45.55 riyals.
In contrast, the decline was led by "Al Yamamah Steel" by 5 per cent to close at SAR 14.40, followed by "Zamil Industrial" by 3.6 per cent to close at 17 riyals, and "Arab National" by 3 per cent to close at 29.80 riyals.
The highest turnivers were "Jarir" by 14 per cent with a value of SAR 606 million, followed by "Al-Hammadi" by 14 per cent of 596 million riyals, and "SABIC" with a value of SAR368 million by 9 per cent.
* Economic Reports Unit
