This is one of the main reasons for the decline in...

This is one of the main reasons for the decline in...
This is one of the main reasons for the decline in...

The main Saudi stock index closed today, up 0.05%, to gain 6.06 points, and close at 11,833.54 points, with transactions worth 4.8 billion riyals.

The director of Zad Consulting Center, Hussein Al-Raqib, attributed in an interview to Al-Arabiya a decline in the momentum Liquidity in the Saudi market, due to several factors, most notably, the index’s rise to record levels not seen since 2006, and this makes investors refrain from some types of trading, with the difficulty of daily speculation, in light of the rises.

The volume of traded shares amounted to 143 million shares, shared by more than 250 thousand deals, in which the shares of 89 companies recorded an increase in their value, while the shares of 94 companies closed down.

The shares of Sadr, Al-Aqaria, Al-Lujain, SEDCO Capital REIT and Jabal Omar companies were the highest gainers, while the shares of the Naseej, Maharah, Taiba, Misk and Bawan companies were the most declining in trading, as the percentages of increase and decrease ranged between 6.72% and 4.26%, while The shares of Dar Al-Arkan, Expert REIT, Saudi Kayan, Alinma, and Tasnee companies were the most active in terms of quantity, and the shares of Al-Rajhi, Sadr, ACWA Power, Dar Al-Arkan, and Al-Arabiya companies were the most active in value.

The Saudi Parallel Shares Index (Nomu) closed today, up 468.28 points, to close at 24,638.64 points, with transactions worth 41 million riyals, and the volume of traded shares reached more than 380,000 shares, shared by 2,524 deals.

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