*Ahmed Al-Rasheed from Riyadh
Saudi stocks rose 59 points, or 0.78 percent, to close at 7,632 points, marking the longest streak in a month.
Market capitalization rose by 16 billion riyals to reach 1.8 trillion riyals.
The rally was supported by "Basic Materials" that was led SABIC.
It coincided with the rise in liquidity growth by more than one billion as the market maintained most of the gains as in the previous session and even increased the pace of rise.
These are indicators that enhance the confidence of traders in the market, but the index is still not outperform the average performance in 21 days, where it closed the average by a slight difference.
The market is expected to reach 7715 points.
The market's consolidation was above the 7700 levels, which is pushing it to higher levels targeting 8,000 points.
Overall market performance
The general index opened at 7,753 points, while the highest point was at 7640 points, 0.88 percent, and closed at 7,632 points, up 59 points, or 0.78 percent.
Liquidity rose by 49 percent by about 1.2 billion and reach 3.7 billion, and the average value of the deal is 27 thousand riyals.
While traded shares increased by 44 per cent by about 46 million traded shares to reach 151 million traded shares, with a turnover rate of 0.28 per cent.
Deals rose 29 per cent by about 30,000 to reach nearly 134,000.
Sector performance
Three sectors declined and were headed by "medicines" of 1 per cent, followed by "commercial and professional services" by 0.44 per cent and "media and entertainment" by 0.02 per cent.
The rise was led by "long-term commodities" that rose by 1.9 percent, followed by "Telecommunications" by 1.7 percent and "Insurance" by 1.6 percent.
The highest turnover was "basic materials" with a 24% increase of SR 888 million, followed by "capital goods" by 22 per cent at a value of 806 million riyals, and "banks" by 20 percent with value of 736 million riyals.
Stock performance
The rise was led by "Takween" by 8.9 per cent to close at 10.38 riyals, followed by "Al-Waha" by 8.4% to close at 40 riyals, and then "Alsorayai Group" fell 6.5% to close at SAR 14.08.
On the other hand, the decline was led by "Alkhodari" of 4.6% to close at SAR7, followed by "Asharqiyah Development Company" by 2 per cent to close at 49.75 riyals, and then "fish" rose 1.8 percent to SAR 26.80.
The highest turnovers were "SIECO" by 17 per cent to SR 613 million, followed by "Alinma" with a value of SR 494 million (13 per cent) and "SABIC" with SR 437 million at 12 per cent.
* Economic Reports Unit
