▪︎ majlis-news
Contact – Agencies:
The stock market ended the session on Wednesday, down by more than 0.5 percent, amid pressure from the banking sector as well as basic materials.
The general index declined 67 points to close at 10252 points, while the circulated liquidity reached 6.18 billion riyals as the lowest daily liquidity in more than 3 months. Liquidity comes through the circulation of 241.2 million shares, while the transactions executed reached about 271.3 thousand transactions.
And the shares of Al-Rajhi Bank and SABIC came on the list of the most pressure on the movement of the general index, after their decline by 0.7 and 1.1 percent.
Shares of 62 companies rose during today’s session, led by the shares of Nama Petrochemical Company with gains of 4.1 percent, then sponsorship of 3.9 percent. The units of Jadwa REIT and SEDCO Capital also rose by about 3.2 percent each.
On the other hand, the shares of 123 companies issued by the declining Saudi Electricity shares fell 3.6 percent, to continue the decline for the fifth consecutive session, and the company announced today that it achieved a net profit for the first quarter of 1.68 billion riyals, compared to a net loss of 2.44 billion riyals for the same period.
Shares in the Arabian Sea also fell by 3.4 percent, as well as 3.3 percent on REIT units, within 3 percent. We also find declines of about 2 percent on each of the units of Al-Jazira Reet and the shares of the Investment and Pottery Bank, Dar Al-Arkan and Banque Saudi Fransi.