27/09/2017
Saudi
stocks from 7200 points to close at 7,240 points, gaining 15
points, or 0.22 percent, losing most of the gains,
peaking at 0.67 percent before the market closed at the end of the
session. In
the previous report, it was noted that the current levels are
consolidating and rebounding, so in today's session it is important to
close in the Green Zone to confirm the end of the wave of decline that
started in the middle of this month. 7200 points remain support to the market while resistance at 7310 points represents an average of 21 days.
The market witnessed special deals worth more than SR 617 million,
which focused on Al Rajhi after closing a deal of 8.7 million shares
with a total value of SR 587 million, Al
Tayyar, Cement .
Market performance
The
general index opened at 7224 points, did not cause losses to reach the
highest point at 7272 points, 0.67 per cent. At the end of the session,
the general index closed at 7,740 points, a gain of 15 points, or 0.22
percent. Trading
value rose by SR174 million to SAR2.8 billion, with a transaction value
of SR46,000. Shares traded fell by less than 1 million shares by 1 per
cent to 95 million traded shares, with a drop rate of 0.5 percent. Deals fell 11 percent to 61,000.
Sector performance
Nine sectors fell against the rest of the rest. Health care rose by 0.97 per cent, followed by basic materials by 0.65 percent and capital goods by 0.32 per cent. The decline was led by Telecommunications that rose 0.91%, followed by the Media by 0.78% and the Real Estate Funds by 0.66%.
The highest turnover was "Banks" by 42% to SR1.1 billion, followed by
"Basic Materials" by 25% to SR 691 million and "Insurance" by 6% with SR
166 million.
Stock performance
The market traded 173 shares against the decline of 86 shares and stability of six shares. Saudi
Arabia rose 5.3 percent to close at 63.18 riyals, followed by Arab
Cement by 5 percent to close at 33.87 riyals. Third, the Red Sea fell
4.3 percent to close at 20.97 riyals. Halwani
Brothers was the top loser by 4.12 percent to SAR 49.79, followed by
Al Jazeera Net by 2.14 percent to SAR 21.07. Third, land services
fell 1.94 percent to SAR 43.04. The highest turnover was Al Rajhi (SAR 791 million), followed by Enma (303 million riyals) by 11 percent, and SABIC (SAR 281 million)
at 10 percent.
* Economic Reports Unit
