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From: the role of the shepherd
RIYADH: The general index of the Saudi stock market fell slightly, at the end of the trading session on Wednesday, during the last session of July, due to the performance of different sectors.
At the end of the session, the overall index fell by 0.10% to 8732.62 points to lose 8.31 points.
The session of the day rose compared to the session on Tuesday: 91.635 million shares were traded against 80.311 million shares and liquidity reached 2,611 billion riyals, against 1.993 billion riyals at the end of the session yesterday.
"The fluctuation in the performance of the index this week between the levels of 8800 and 8700 is due to the change in financial results in the second quarter," said financial market badyst Ahmed al-Maliki in Mubasher .
"The current market is overseeing the Fed's decisions, which should have a 25bp cut, which means that the banking sector will be under pressure in the coming period to offset falling interest rates," said Maliki.
Maliki expects the market to complete the corrective movement over the coming period to 8,500 points.
In terms of sector performance, the basic materials sector fell by 0.58%, while the Eastern Cement sector decreased by 2.67%, that of Saudi Cement by 1.66% and that of SABIC. 1.11%.
The telecommunications sector dropped by 0.68%, while the telecommunications sector fell by 1.10%.
Newcomer
"Ataa" (the newcomer) was the main winner after the 10% rise, the biggest loss of the National Education, which dropped by 2.90%.
Al Rajhi Bank issued shares worth 286.8 million riyals, while Al-Enma Bank was the most active in amounts of about 9.042 million shares.
The growth
On the parallel market, growth continued for the third session of 0.19%, closing at 3839.53 points, after rising 7.11 points.
The volume of transactions reached 64,218 thousand shares, against 35,138 thousand shares at the end of trading yesterday, worth 1.349 million riyals, against 882,804 thousand euros at the end of negotiations.
Arab Sea was the biggest gain in the market with a gain of 1.66% and the biggest loser with 0.68%.
And dominated the "big" on parallel transactions: the liquidity of a value of 589,162 thousand riyals and amounts of 20,197 thousand shares.
appointments:
Saudi Arabia. The budget deficit has been reduced to SR7.7 billion in the first half of 2019
InfoGraaf: Saudi budget report for the second quarter of 2019
Aljadaan: first half fiscal results reflect the effectiveness of financial reforms
Saudi Arabia: Public Debt Up 12.1% in First Half
An increase of 17 billion riyals. Detailed expenditure with the Saudi budget for the first quarter of 2019
Saudi consumer spending in the first half of 2019
Infographics. Arrivals transfers of $ 16.3 billion in Saudi Arabia in the first half of 2019
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