Saudi stocks gain 29 points amid mixed performance by sectors … and liquidity drops to 4.2 billion riyals

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Saudi stocks rose in yesterday’s session 29 points by about 0.4 percent to close at 7253 points, as the “MT30″ index, which measures the performance of the leading stocks, increased 3 points by about 0.3 percent. The rise came despite the varied sectors ’performance, with ten sectors retreating against the rest of the rest and the stability of” medicines “. The market still maintains the sideways track and trading in a narrow range for a long period that spanned to a month, without setting a clear direction for it, despite the decline in positive data, high repetitions, and a high degree of uncertainty towards the profitability of companies in light of the effects of Corona. And the continued inability of the market to return above the levels of 7300 points and trading below the average of 20 days, will increase the desire of traders to sell, which will increase the selling pressure and enter the market in a wave of profit-taking, especially in light of the anticipation of the results of the second quarter of companies that will show the implications of corona’s repercussions on the companies ’businesses.
Overall market performance
The general index opened yesterday’s session at 7224 points, trading between high and low. The lowest point was at 7213 points, losing 0.14 per cent, while the highest point at 7283 points, gaining 0.82 per cent. At the end of the session, the index closed at 7,253 points, winning 29 points, or 0.4 percent. Liquidity declined 28 percent by about 1.7 billion riyals to reach 4.2 billion riyals, at a rate of 19 thousand riyals per deal. Also, traded shares decreased 32 percent by about 99 million shares to reach 215 million shares, with a turnover rate of free shares of 0.38 per cent. As for deals, they declined 27 About 81,000 deals to 222,000 deals.
Sectors performance
Ten sectors retreated against the rise in the rest and the stability of “medicines”. The decline was led by “retailing luxury goods” by 1.1 percent, followed by “commercial and professional services” 0.34 percent, and “applications and technical services” 0.27 percent. While the rise was led by “health care” by about 4.7 percent, followed by “food production” by 1.9 percent, and “energy” by 0.48 percent.
The highest turnover of “basic materials” was about 22 percent at a value of 907 million riyals, followed by “banks” 15 percent with a value of 633 million riyals, and thirdly “health care” 8 percent with a value of 355 million riyals.
Stock performance
The rising shares were issued by “Sulaiman Al Habib” by about 7.3 percent to close at 80.80 riyals, followed by “Training” by 5.4 percent to close at 7.46 riyals, and “National Education” came third to 4.7 percent to close at 47.10 riyals. On the other hand, the decline was led by “Al Hokair” by about 4.2 per cent to close at 18.10 riyals, followed by “Saudi Group” 3.5 per cent to close at 19.50 riyals, and thirdly, “abundance” 2.7 per cent to close at 43 riyals.
The highest turnover was “Al-Rajhi” with a value of 207 million riyals, followed by “Dar Al-Arkan” with a value of 165 million riyals, and “Sulayman Al-Habib” third with a value of 150 million riyals.
Economic Reports Unit





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