Saudi stocks closed 1.1% higher, with liquidity, the highest in a week

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The Saudi stock market ended today’s session higher with liquidity, which is the highest in a week, amid a rise in the majority of stocks and led by the banking and basic materials sectors.

Regarding the performance of the stocks most influencing the market movement, Samba Bank shares rose by 2.9 percent, while Saudi Aramco shares rose by 0.7 percent, to close at 34.65 riyals per share, which is the second consecutive rise.

Al-Ahli Bank rose by 1.5 percent, while Jarir rose by 3.9 percent after the company recommended a third-quarter dividend of 2.1 riyals per share, with a total dividend of 252 million riyals.

Today, the Ministry of Human Resources and Social Development launched the “Improving the Contractual Relationship” initiative, one of the initiatives of the “National Transformation” program, which aims to support the Ministry’s vision of building an attractive job market, empowering and developing human competencies and developing the work environment. The Ministry stated that this initiative comes within its endeavor to improve and raise efficiency. Work environment To complement its previous efforts in this field, by launching several programs.

The market ended the trading session today at 8088 points, recording an increase of 90 points, or the equivalent of 1.13 percent, and the session witnessed trading of about 8.35 billion riyals, amid trading 319.79 million shares, through the implementation of 360.6 thousand transactions.

Regarding the stocks that rose to the most in the market during today’s session, the shares of 4 companies rose at the highest level, which are (Anaam Holding, Arabian Sea, Red Sea, Shams), then Hail Cement shares gained 7.8 percent, as well as gains for City Cement and Paper Industry at 6.6 Per cent for each, and that is among the 179 companies whose shares are traded in the Green Zone.

On the other hand, the shares of only 12 companies fell, led by Al-Kathiri, a decline by 3.4 percent, followed by a decline of 2.1 percent, which coincided with the company’s announcement of a loss for the third quarter amounting to 106.5 million riyals, while Qassim Cement declined by 1.33 percent.





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