* Ahmed Al-Rasheed from Riyadh
Stocks fell in their worst three-month session to lose 1.4 percent at 111 points and close at 8,064. The decline came mainly from the banking sector.
Performance was in line with previous reports, with support levels of 8150 broken points that is indicating a sharp decline in the market due to sell-off actions.
Closing the market below the support levels, and without significant averages will expose the market to further decline unless it retains levels of at least 8150 points before Eid al-Adha holiday, as the continuation of the market trading below 8150 points may lead to increased selling pressure to levels of 7800 points.
Overall market performance
The general index opened at 8176 points and headed towards the lowest point at 8056 points, losing 1.5%. At the end of the session, the general index closed at 8,064 points, losing 111 points, or 1.4 percent.
Trading values declined by 24 percent to reach SR 3.3 billion, at a rate of SAR 34,000. Traded shares fell 22 per cent by about 37 million traded shares to reach 133 million traded shares, with a turnover rate of 0.3 per cent.
Deals fell 7 per cent to reach 6.9 thousand deals.
Sector performance
All sectors retreated, as the decline was led by the "media" of 3.3%, followed by "health care" by 2.6% and "energy" by 2.4%.
The highest turnovers were "basic materials" with a value of 33%, followed by "banks" by 29 per cent with a value of 968 million riyals, and "Management and Development of Real Estate" by 9 per cent, amounting to 304 million riyals.
Stock performance
The decline was led by "Saudi German Hospital" for the maximum to close at 43.75 riyals, followed by "SPM" by 7.3% to close at 7.13 riyals, and then "APC" by 6.8% to close at 10.68 riyals.
The rise was led "Saco" by 4.3 percent to close at SAR 81.50, followed by "SCC" by 3.3 percent to close at 7.58 riyals, and "Takween" by 1.75 per cent to close at 11.60 riyals.
The highest turnovers were "Alinma" of 22% valued at SR 723 million, followed by "SABIC" with a value of SAR 642 million of 19 per cent, and "Dar Al-Arkan" was 7% with a value of 231 million riyals.
* Economic Reports Unit
