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Saudi stocks increased after two retreats, rising by 11 points to 0.14 percent to close at 8247 points, three points from the 8250 points, the support zone mentioned in the previous report, and of significant importance. technical if conserved The market remains on a bullish trajectory in future sessions. The increase comes despite a decrease in liquidity of less than three billion riyals. The basic materials sector, supported by real estate management and development, has been the main contributor to the profitability of the market. So far, corporate earnings for the second quarter have not been presented, which will determine the market price for the coming period. With positive expectations emanating from the houses of experience, especially in the banking sector, which contributes significantly to the profitability of the market.
General Market Performance
The overall index was opened at 8235 points and moved between highs and lows, the highest point being 8252 points, or 0.2% , and the lowest point of 8200 points having lost 0.4%. Earn 11 points, or 0.14%. Liquidity fell 12 percent to 41 billion riyals to 2.8 billion riyals, or 35,000 riyals. While shares traded fell 11 percent from 13 million shares traded to reach 108 million shares traded, with a 0.2 percent business figure. Transactions fell by 7 percent from around 6,000 to 80,000.
Sector Performance
12 sectors grew relative to the rest. Commercial and professional services rose 3.6%, followed by drugs by 1.1% and real estate and property management by 1%. While the decline of "food production" by 1.6%, followed by "consumer services" by 1.2%, and the third "energy" by 0.56%. The highest volume of "core materials" was 32% at SAR 903 million, followed by banks by 31% at SR 880 million and management and property development by 9%, valued at SAR 252 million.
Stock Market Performance
Amanah Insurance increased 9% to 20.94 SAR, followed by Knowledge City by 4.5% to 11.68 SAR and Supply Third by 4% to close at 95.50. Real. In contrast, real estate fell by 4 percent to 14.64 SAR, followed by Al Hokair by 3.4 percent to 22.80 SAR and Xtra from 3.3 to 59 SAR. The highest business figure was "Al-Enma" (557 million SAR), followed by SABIC with 544 million RS (19%) and Al Rajhi (8%) with 218 million riyals.
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