Saudi stocks lost the longest streak in a month after falling 23 points, 0.28 percent, to close at 8,383 points.
The performance came in line with expectations, as the reference in the previous analysis showed signs of weakness on the performance of the market in yesterday's session.
Yesterday's session consolidates the negative status of the index but remains above 8300 levels, and this keeps the market positive for a return to profitability.
In the event of a break of 8300 points, the market will lose that ability, which would be exacerbating the selling pressures on the market as concern over the market's inability to continue rising.
Overall market performance
The general index opened at 8406 points, trading between the high and low.
The highest point was at 8461 points, 0.64 per cent, while the lowest point was at 8343 points, losing 0.75 per cent.
At the end of the session, the general index closed at 8383 points, losing 23 points, 0.28 percent.
Liquidity rose 11 percent by about 394 millions to reach SAR 3.8 billion, SAR 40 million per transaction.
While, traded shares increased by 13 per cent by about 17 million traded shares to reach 155 million traded shares, with a turnover rate of 0.3 per cent.
Deals rose 9 per cent by about 7.5 thousand to reach 95 thousand deals.
Sector performance
Ten sectors rose against the rest.
The rise was led by "management and development of real estate" of 0.9%, followed by "commercial and professional services" of 0.8% and "food production" of 0.7%.
The decline was led by "Media" of 1.5%, "Basic Materials" of 0.8% and "Banks" of 0.35%.
The highest turnovers were "basic materials" of 30 per cent with a value of 1.1 billion riyals, followed by "banks" of 30 per cent with a value of 1.1 billion riyals, and "management and development of real estate" of 15 per cent.
Stock performance
The rise was led be "Sadafco" of 6 per cent to close at SAR 96, followed by "CARE" of 4.8 per cent to close at SAR 54.40, and "SEDCO Capital Reit" of 4.65 per cent to close at SAR9.
On the other hand, the decline was led by "Al-Alamiya" of 2.8 per cent to close at SAR 29.25, followed by "YANSAB" of 2.68 per cent to close at SAR 72.70 and "Salama Insurance" of 2.46 per cent to close at SAR 21.40.
"SABIC" was the most heavily traded issue with a value of SR 615 million (16 per cent), followed by "Dar Al Arkan" (12 per cent) with a value of SR 461 million and "Alinma" (12 per cent) with a value of SR 445 million.
* Economic Reports Unit
