Saudi stocks rose 54 points, by about 0.51 percent, to close at 10,790 points, while the “MT30” index, which measures the performance of the leading shares, increased four points by 0.32 percent. The rise came amid a semi-collective rise in sectors, with a single decline in “applications and technical services”. Despite the decline in liquidity by about three billion riyals, it maintains its levels above the monthly average at ten billion riyals. The market is close to reaching target levels according to technical factors at 10820 points, while support is at 10620 points. The market continues to trade with high activity even with the rise in repetitions, amid a rise in risk appetite, speculative tendency and optimistic expectations by dealers towards corporate profitability during the coming period.The overall performance of the market
The general index opened yesterday’s session at 10749 points, and headed towards the highest point in the session at 10790 points, gaining 0.51 percent. At the end of the session, the general index closed at 10790 points, with gains of 54 points, about 0.51 percent. Liquidity decreased by 15 percent by about three billion riyals to reach 16 billion riyals, while the traded shares decreased by 16 percent by 81 million shares to reach 431 million traded shares, while deals fell by 18 percent by about 124 thousand deals to reach 549,000 deals.
Sector performance أداء
The applications and technology services sector declined by 0.25 percent, compared to the rise of the rest. The rise was led by “medicines” by 9.8 percent, followed by “media and entertainment” by 3.9 percent, and “investment and financing” by 3 percent.
The highest turnover was “food production” by about 17 percent, with a value of 2.7 billion riyals, followed by “basic materials” by about 13 percent, with a value of two billion riyals, and “health care” by about 10 percent, with a value of 1.6 billion riyals.
The rise in “pharmaceutical” shares was led by 9.8 percent to close at 50.60 riyals, followed by “developed” by 9.6 percent to close at 56.90 riyals, and “Ayan” by 7.1 percent to close at 28.60 riyals. On the other hand, the decline was led by “Petrochem” by 2.6 percent to close at 46.25 riyals, followed by “Al-Jouf” by 2.6 percent to close at 87.70 riyals, and “Al-Sharqiya Development” by 2.47 percent to close at 102.80 riyals.
The highest turnover was “Ayan” with a value of one billion riyals, followed by “Al-Asmak” with a value of one billion riyals, and “Advanced” with a value of 997 million riyals.
Economic Reporting Unit