Saudi stocks continue to rise and close above 10900 points

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The Saudi stock market ended Monday’s session on the rise and for the sixth consecutive session, as the index closed above the level of 10,900 points for the first time since September 2014, with the main support of Al-Rajhi Bank, which recorded the highest closing since April 2006.

The general index closed at the level of 10,914 points, up by 16 points, or 0.15 percent, after it recorded the highest point level for the session at 10,976 points, while the traded liquidity amounted to 15.2 billion riyals, and the liquidity came through the circulation of 426.1 million shares, while the deals amounted to Executing about 602.25 thousand transactions.

The shares of Al-Rajhi Bank and the Saudi National Bank came on the list of the most supportive of the general index movement, after rising by about 3.1 and 0.6 percent, respectively. The Saudi British Bank shares also rose by about 1.5 percent.

On the other hand, STC shares fell by 1.6 percent, while Jabal Omar and SABIC Nutrients shares fell by more than 3 percent, as the latter announced the distribution of dividends to shareholders worth 595 million riyals, equivalent to 1.25 riyals per share for the first half of this year, due at the end of the year. This June.

Liquidity focused on the shares of Al-Rajhi Bank, Theeb, as well as Shaker, where Al-Rajhi Bank recorded the highest trading volumes in a month and a half, while Shaker’s share recorded the highest trading volumes since the listing.

In addition, the shares of 48 companies rose during today’s session, led by the shares of Theeb, which rose by 6.7 per cent, to record the highest level since the listing, followed by the paper industry and Shaker with gains of more than 5 per cent.

This was offset by a decline in the shares of 147 companies, led by Baazeem shares, after falling 5.7 percent, followed by shares of Arab Sea by 4.3 percent, while the shares of 10 companies fell by more than 3 percent, including Al Hammadi and Glass, as well as Gulf Training.





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