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The rise led the banking sector led by Al-Rajhi to the opposite performance of the previous session. The performance was in line with the previous report, which noted that the decline was temporary and that once the market had absorbed the banks' consolidated results and the emergence of the results of some banks, the performance had been improved, but market remained below 8800 points, which would continue to affect the upward trend in the market.
The market is looking for a major event while the US Federal Reserve is holding a meeting, is expected to cut interest rates and will adopt a local monetary policy, but the rate of "the agreement of repo "should remain unchanged at 3%. Reverse purchase will be reduced by a quarter of a point, which may not have a significant impact on SAIBOR prices, which will depend on the demand for money without changing the expected interest.
Overall market performance
The overall index is open at 8,729 points, an exchange between highs and lows and the highest point at 8771 points was 0.49%, while the lowest point at 8704 points lost 0.29%. At the end of the session, the index closed at 8,740 points, gaining 11 points, or 0.13%. The value of trade fell by 15% from 456 million riyals to 2.5 billion riyals, a rate of 24,000 riyals for the transaction. While the shares traded fell by 10% from around 12 million shares to 108 million traded shares, the market turnover rate was 0.19%. Transactions fell 28% from 41,000 to 105,000.
Sector performance
Nine sectors grew by 1.5%, followed by "banks" by 0.4% and "communications" by 0.4%. Energy decreased 2.7%, followed by property management and promotion (1.4%) and utilities (1%). The highest business figure was from "banks" by 31% to 787 million RS, followed by "base materials" by 23% to 587 million RS and "energy" from 6 % to 164 million RS.
Stock performance
The Al-Wataniah national force increased by 6.9 percent to 27.60 SAR, followed by Yamamah Cement by 4.4 percent to 19 and Cisco 3.4 percent to 16.50. Petro Rabigh fell 8.8% to reach the NAS 19, Emaar rose 5.7% to reach the SAR of 10.30 and the Al-Sorayi group was the fourth loser by 4% at 9.05 SAR . The highest turnover was Al Rajhi (306 million SAR), followed by SABIC (223 million RS) and Al-Enma (201 million RL).
* Economic Reporting Unit
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