Saudi stocks returned to rise after three-session declines, and closed at 7971 points, winning 19 points, by 0.24 percent, supporting bank gains, while the MT30 index increased by three points, 0.33 percent, to close at 1096 points. The market seeks cohesion after losing about 6 percent of its highest levels for this year, and the market needs positive data to enhance cohesion or return above 8070 points to restore the confidence of traders by stopping the declining wave and restoring the levels of eight thousand points, where continuing to trade below 8070 points will remain Chances of returning to retreat to the levels of 7660 points.
For the general performance of the market
The general index opened at 7952 points and traded between high and low. The highest point was at 7979 points, gaining 0.34%, while the lowest at 7919 points, losing 0.4%. At the end of the session, the general index closed at 7971 points, gaining 19 percent, by about 0.24 percent. Liquidity declined 20 percent by about 782 million riyals to reach 3.1 billion riyals, at a rate of 20 thousand riyals per deal, while traded shares fell 21 percent by about 31 million shares to 121 million traded shares, and the turnover rate was 0.21 percent. The deals fell 13 percent by about 23,000 deals to reach 153,000 deals.
Sectors performance
Six sectors retreated against the rise of the rest, the declining “utilities” top 1.67%, followed by “energy” 1.22%, and “food segmentation” 0.96%, while the rise exported “long-term goods” 1.27%, followed by investment Funding is "1.22%," consumer services "is 1.08%.
The highest turnover was "banks" 22 percent, at a value of 694 million riyals, followed by "basic materials" 21 percent with a value of 672 million riyals, and thirdly, "Energy" 12 percent with a value of 372 million riyals.
Stock performance
The rising shares were led by "MetLife" by about 9.99 percent to close at 18.72 riyals, followed by "Al-Baha" 7.54 percent to close at 17.96 riyals, and thirdly, "Shaker" 7.07 percent to close at 13.02 riyals. On the other hand, the decline was led by "refineries" 7.82 percent to close at 49.50 riyals, followed by "Jadwa Reit Saudi Arabia" 2.8 percent to close at 11.76 riyals, and thirdly, "Al-Jouf" 2.45 percent to close at 25.90 riyals.
The highest turnover was "Al-Rajhi" with a value of 292 million riyals, followed by "Saudi Aramco" with a value of 210 million riyals, and "Al-Inma" with a value of 202 million riyals.
* Economic Reports Unit
