Saudi stocks rise by 0.7% and close near the level of 10400 points

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Today, Monday, the Saudi stock market ended the first session after the blessed Eid Al-Fitr holiday, increasing by more than 0.7 percent, bringing the general index close to the level of 10400 points, with the main support from the banking sector.

The general index closed at 10396 points, up 74 points, while the circulated liquidity amounted to 7.77 billion riyals, and liquidity comes through the circulation of 298.2 million shares, while the transactions executed reached about 334.5 thousand deals.

Al-Rajhi Bank came on the list of the most supportive of the movement of the general index, after rising by 1.9 percent, to return above the level of 100 riyals again, followed by Saudi Electricity, which achieved gains of 4.9 percent.

“Saudi Aramco” shares fell by 0.7 percent, as the stock is trading without entitlement to profits, while Jarir shares fell by 2.8 percent, after the stock reached its highest level in the previous session since the listing.

Etihad Etisalat “Mobily” share also recorded its highest level since August 2015 at the end of trading on Monday, as the stock closed at 32.95 riyals, after rising by more than 3.6 percent.

In addition, the shares of 117 companies rose during today’s session, topped by Tabuk Agricultural shares after the stock rose to the highest level, followed by Jadwa REIT Al-Haramain units, by 7.4 percent.

Also, the Saudi Group, Atta Al-Talmia, Al-Maather Reit, and Miffic Rate rose by more than 5 percent.

This was offset by a decline in the shares of 74 companies issued by the Al-Ahlia Gulf Union by about 8.3 percent, after the company announced a significant increase in its losses for the first Lord of the current year before Zakat, which amounted to 56.79 million riyals compared to 6.1 million riyals for the same period.

Also, we find that the shares of Amana Insurance, Al-Othaim Markets and Fitaihi fell by more than 2 percent.





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