Saudi stocks continue their rise for the sixth session… and liquidity at 7.1 billion riyals


Saudi stocks rose for the sixth session, to close at 10897 points, gaining 21 points, by 0.2 percent, in the longest daily rise streak in a month. The “MT30” index, which measures the performance of leading stocks, rose five points to close at 1449 points. The market continued to rise, but with a weak performance, in which the selling pressures were activated, as is the case in the last three sessions, as the market declined during the session by about 0.3 percent before compensating for those losses at the end of the session. The market maintained its levels above the average of 20 days after it crossed in the previous session, and 10840 points represent a barrier to support the continuation of the market and maintain it in the face of selling pressures, which will show the strength of buyers, which keeps the market opportunities to maintain its upward path until the highest levels for this year at 11,063 points.
The overall performance of the market
The general index opened yesterday’s session at 10,920 points, and traded between high and low. The lowest point was at 10,841 points, losing 0.32 percent, while the highest was at 10,923 points, 0.43 percent gain. At the end of the session, the general index closed at 10897 points, gaining 21 points by 0.20 percent. Liquidity decreased 12 percent by about 844 million riyals to reach 7.1 billion riyals, while the traded shares increased by 3 percent by about seven million shares to reach 223 million shares, while deals rose 6 percent by about 18 thousand deals to reach 303 thousand deals.
Sector performance
Eight sectors rose against the decline of the rest. The rise was led by “media and entertainment” by 3.57 percent, followed by “health care” by 0.74 percent, and “communication” by 0.48 percent. While the decline was led by “applications and technical services” by 2.84 percent, followed by “long-term goods” by 0.93 percent, and “transportation” by 0.9 percent.
The highest turnover was “basic materials” by about 21 percent, with a value of 1.5 billion riyals, followed by “management and development of real estate” by 12 percent, with a value of 857 million riyals, and “banks” by about 10 percent, with a value of 682 million riyals.
stock performance
The highest gain was led by “Emaar” by 6.5 per cent to close at 13.44 riyals, followed by “Exports” share by 5.5 per cent to close at 118.20 riyals, and thirdly, “Gas” share by 5.1 per cent to close at 44.95 riyals. On the other hand, the lowest shares were led by “Chip” by 3.88 percent to close at 33.40 riyals, followed by “Al Hokair Group” share by 3.5 percent to close at 23.34 riyals, and “MIS” share by 3.4 percent to close at 151.60 riyals.
The highest turnover was “Emaar” share with a value of 353 million riyals, followed by “Autumn” share with a value of 316 million riyals, and “Shaker” share with a value of 306 million riyals.
Economic Reporting Unit


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