* Ahmed Al-Rasheed from Riyadh
Saudi stocks remained at 8,000 points to close at 8,057 points with a gain of nine points.
The rise was supported by the "Property Management and Development" led by "Jabal Omar".
The market was subjected to selling pressure after rising for three consecutive sessions, but the purchasing power was able to face those pressures and return the index to the Green Zone after losing during the session.
It is important to maintain 7960 points, which represents a 200-day average for several sessions to boost confidence in the performance of the market and to show its ability to perform better than its averages.
Thus, it would be increasing the risk appetite and pushing the market to the top especially in anticipation of the flow of foreign liquidity to the market with the actual accession of international indices, and the growth of cash dividends, and the disclosure season for corporate financial results.
Overall market performance
The general index opened at 8047 points, trading between high and low.
The highest point was at 8071 points was 0.3 per cent gain, while the lowest point was at 8007 points lost 0.5 per cent.
At the end of the session, the general index closed at 8,057 points with a nine-point gain of 0.1 percent.
Liquidity declined by 8 percent to SR 3.1 billion,
The average value of the deal is 26 thousand riyals.
Traded shares increased by 7% by about 9.7 million shares to reach 139 million shares, with a turnover rate of 0.26 per cent.
The deals rose 3 per cent by about 3.1,000 to reach 120,000 deals.
Sector performance
Seven sectors rose against the decline of the rest.
The rise was led by "management and development of real estate" by 1.9%, followed by "Investment and Finance" by 0.5 per cent, and "utilities" by 0.46 per cent.
The decline was led by "capital goods" by 0.54 per cent, followed by "food segmentation" by 0.5 per cent, and Telecommunications by 0.5 per cent.
The highest turnovers were "banks" by 26 per cent at a value of SR 822 million, followed by "basic materials" by 23 per cent at a value of 712 million riyals, and "Management and Development of Real Estate" by 12% at a value of SR 385 million.
Stock performance
The rise was led by "Dar Al-Arkan" by 4.4 per cent to close at SAR 9.58, followed by "Namaa" by 3.6 per cent to close at SAR 28.30, and "Cisco" by 2.6% to close at SAR11.08.
On the other hand, the decline was led by "Enaya" by 5.6% to close at SAR20.56, followed by "Aldrees" by 4.6% to close at SAR34.10, and then "Buruj Cooperative Ins." by 4.3 per cent to close at SAR 28.
The highest turnovers were "Dar Al-Arkan" by 9.3 per cent with a value of 293 million riyals, followed by "Saudi Fisheries" by 9 per cent with a value of 282 million riyals, and "Al-Rajhi" was 9 per cent to close at 273 million riyals.
* Economic Reports Unit
