Saudi stocks are down 2.65%, recording the first monthly decline since last March

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The Saudi stock market ended the day’s session down by more than 2.6 percent, as stocks of banks and basic materials pressured the movement of the general index, which recorded its lowest close in about two months.

On the performance of the shares that most affect the market movement, SABIC shares fell by about 3 percent, and about 3.3 percent for the National Bank, and Saudi Aramco shares fell by 1.5 percent, to close near the level of 33.7 riyals.
The market ended the trading session today at 7907 points, recording a decrease of 215 points, or 2.65 percent, and the session witnessed trading of about 7.87 billion riyals, amid the circulation of 356.3 million shares, through the implementation of 395 thousand transactions.

On the shares that rose most in the market during today’s session, shares of Anaam Holding rose at the highest level, then Bin Dawood shares 1.9 percent and Andalusia 1 percent, among only 8 companies whose shares are traded in the Green Zone.
On the other hand, shares of 191 companies fell, led by ceramics and metal, as well as Al-Jazirah REIT units, where they all declined at a minimum (10 percent). Then came Shams and Al-Alamiah Insurance, with declines of more than 9.5 percent.

Regarding the monthly performance, the market ended October’s trading with its first monthly decline after 6 months of gains, after it declined by 4.7 percent.

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