Selling pressure: Saudi stocks lose most of the session’s gains, and liquidity drops to 14.3 billion riyals


Saudi stocks rose for the fourth session, to close at 10796 points, with a gain of six points by about 0.06 percent, while the “MT30” index, which measures the performance of the leading shares, fell one point by 0.09 percent to close at 1445 points. The market achieved new levels during the session, after it crossed 10800 points for the first time since October (October), 2014, but selling pressures made the market lose most of its gains. In the previous report, it was indicated to the resistance levels at 10820 points, and the index was able to reach 10839 points before the increase in selling operations. The market showed weak performance, and was unable to face the selling pressure, which makes the market more inclined to decline and take profits from completing the rise series.The general performance of the market
The general index opened at 10796 points, and traded between the lowest at 10780 points, about 0.09 per cent, while the highest at 10,839 points, 0.45 per cent. At the end of the session, the general index closed at 10796 points, winning six points by about 0.06 percent. Liquidity decreased by 13 percent by about 2.1 billion riyals to reach 14.3 billion riyals, while the traded shares decreased by 10 percent by about 44 million shares, to reach 387 million shares, while deals fell 8 percent by about 45 thousand deals to reach 503 thousand deals.

Sector performance
12 sectors rose against the decline of the rest, and the rise was led by “medicines” by 9.8 percent, followed by “media and entertainment” by 2.7 percent, and “applications and technical services” by 1.3 percent. While the decline was led by “investment and finance” by 1.3 percent, followed by “capital goods” by 0.9 percent, and “insurance” by 0.69 percent.
The highest turnover was “basic materials” by about 13 percent, with a value of 1.9 billion riyals, followed by “food production” by about 9 percent, with a value of 1.3 billion riyals, and “banks” by about 8 percent, with a value of 1.2 billion riyals.

stock performance
The rising shares were led by “Theeb” by 9.9 percent to close at 58.60 riyals, followed by “Pharmaceuticals” by 9.8 percent to close at 55.60 riyals, and “Aldrees” by 6.2 percent to close at 68 riyals. On the other hand, the decline was led by “Tabuk Agricultural” by 2.4 percent to close at 41.20 riyals, followed by “Fatihi Group” by 2.3 percent to close at 33.65 riyals, and “developed” by 2.1 percent to close at 55.70 riyals.
The highest turnover was “Advanced” with a value of 829 million riyals, followed by “Theeb” with a value of 712 million riyals, and “Al-Abdul Latif” with a value of 678 million riyals.

Economic Reporting Unit


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