Saudi stocks rose 60 points, or 0.78 percent, to close at 7809 points despite the decline in trading values to the lowest level in eight years to reach 1.45 billion riyals.
Trading data for the categories of traders are not shown on a daily basis to clarify the reasons for the decline in trading values.
The decline in market activity may be seen as an opportunity for traders to see developments and the fundamental changes that will take place in the market at the beginning of next year 2019, where the announcement of the annual financial results of companies, the maturity of cash dividends, the impact of the actual market joining to international indicators and the movements of oil prices after the activation of the agreement to reduce production.
The average recovery of 21 days and the 7800-point barrier improves the short-term technical outlook.
The levels of 7960 points, which represent the 200-day average, remain an important barrier that has exceeded it to boost confidence in the market and strongly in the uptrend.
Overall market performance
The general index opened at 7,749 points, opened higher and headed towards the highest point at 7814 points, gaining 0.85 per cent.
At the end of the session, the general index closed at 7809 points with 60 points gain of 0.78%.
Trading values declined by 42 percent to reach SR 1.4 billion.
The average value of the deal is 21 thousand riyals.
The traded shares fell 34% by 33 million shares to reach 64 million shares traded, with a turnover rate of 0.34%.
Deals fell 27 per cent by about 25,000 to reach 68,000 deals.
Sector performance
All sectors rose, led by "Investment & Finance" by 1.8%, followed by "banks" by 0.93 per cent, and "basic materials" by 0.89 per cent.
The highest turnovers were "Basic Materials" by 25% with a value of SR 358 million, followed by "Banks" by 22% with a value of SR 313 million, and then "insurance" by 8 per cent with a value of 101 million riyals.
Stock performance
The rise was led by "Red Sea" by 8 per cent to close at 16.10 riyals, followed by "Saudi Advanced Industries Company" by 5 per cent to close at 13.20 riyals, and then "Asharqiyah Development Company" by 4 per cent to close at SAR 53.40.
The decline was led by "Enaya" by 5 percent to close at 20.98 riyals, followed by "Saudi Chemical Co." by 1 per cent to close at 30.90 riyals, and "Eastern Province Cement" by 1 per cent to close at 20.78 riyals.
* Economic Reports Unit
