Saudi stocks are rising marginally and closing above 9960 points


The Saudi stock market ended the session on Monday, marginally higher, amid a variation in the performance of the leading stocks, while the banking sector retreated after three sessions of gains.

The general index rose two points to close at the level of 9965 points, while the circulated liquidity amounted to 11.24 billion riyals, and the liquidity comes through the circulation of 364.4 million shares, while the transactions executed reached about 441.5 thousand transactions.

Saudi Electricity rose by 4.7 percent, to record the highest close since December 2017, at 24.1 riyals per share. Shares of the French Bank, Maaden and the Telecommunications Union also rose by rates ranging between 2 and 1.4 percent.

On the other hand, the shares of the National Bank of Saudi Arabia declined by about 2 percent, as the most pressure on the movement of the general index, and the bank announced today the listing of Al-Awad shares and the completion of the merger deal. Al-Rajhi Bank, STC and SABIC also declined by rates ranging between 1.1 and 0. .5 percent, while the share of “Saudi Aramco” closed slightly higher.

In addition, the shares of 109 companies rose during today’s session, led by Asir shares with gains of 6.6 per cent, followed by Saco and Al-Saqr Insurance with gains of 5.2 and 4.9 per cent, respectively.

This was offset by a decline in the shares of 77 companies, led by the declining Al-Jouf Agricultural Company by 4.3 percent, followed by the shares of Al-Inma, Tokyo and Tihama for announcing declines of 3.5 and 2.9 percent, respectively.


Please enter your comment!
Please enter your name here