17/08/2017
Saudi shares is green again after missing gains during the last three
sessions, ending the session at 7128 points, 25 points, or 0.35 per
cent, and to defend the levels of 7100 points and not to close below.
Performance with a decline to 7100 levels where it will see
consolidation and rebound. In
today's session, it is important to maintain the 7100 points to confirm
that the wave of decline has ended, to restore confidence to the
traders and open the appetite for risk and enter a wave of rise
targeting the levels of 7360 points. The rise yesterday with the support of the banking sector led by
"Al Rajhi", and in today's session is expected to be completed results
of companies, which encourages increased activity interact with the
companies.
Mrket performance
The
general index opened at 7103 points, trading between high and low. The
lowest point was 7091 points, losing 0.16%. The highest point at 7128
points was 0.36%. The session ended at 7128 points with 25 points, or
0.35%. Trading
values fell 19 per cent to SAR2.6 billion, at SAR30,000 per share,
while traded shares fell 23 per cent to 136 million traded shares. Transactions fell 19 percent to 87,000.
Sector performance
Four sectors declined against the rest. The decliners were "media" by 2.6 percent, "utilities" by 1 percent, and "investment and finance" by 0.77 percent. The
rise in the "real estate funds traded" rose 5 per cent, followed by
insurance by 1.2 per cent and the third by real estate management and
development. The highest turnover was "banks" with a value of SR 532 million (20%),
"basic materials" (17%) at SR 455 million and "insurance" (16%) at SR
416 million.
Stock performance
The market traded 174 stocks, 107 shares roseup against 57 shares and stability of the rest. Al Jazirah
was the top performer, closing at SAR 20.92, followed by Rait
Education for the maximum closing at SAR 15.58. Medgulf Insurance came
third with 9.8% closing at SR13.19. "Research
and Marketing" was the top loser by 5 percent to SAR 62.93, followed
by Yanbu Cement by 3 per cent to SAR 28.50 and Baha by 1.9 per cent to
SAR 27.35. The highest drop was Alenmaa with 299 million riyals
with 11 percent, followed by Sabic with a value of 268 million riyals by
10 percent and Al Rajhi third with 160 million riyals by 6
percent.
Economic Reporting Unit
