The stock market records its highest weekly close since July 2019

The Saudi market index ended last week’s trading at an increase of 1.9%, equivalent to 161 points, closed at 8,899 points, compared to the previous week’s close at 8,737 points, registering the highest weekly close since July 2019, and trades during the week recorded an increase of 23%, to reach About 46.68 billion riyals, compared to 37.95 billion riyals in the previous week, and the listed companies began to announce their financial results for the fourth quarter of 2020, and all sectors recorded an increase during the week except for “consumer services”, which decreased slightly, and “long-term goods” led the market sectors In terms of an increase of 6.6%, followed by commercial and professional services by 4.8%, and the sectors of “banks” and “basic materials” increased by 2.3%, and the share prices of 155 companies rose compared to a decrease in the shares of 39 companies, while the share prices of 5 companies stabilized without change. “Sadr” – Al Samaani previously – topped the list of companies, which rose by 32%, followed by “Al-Omran” by 16%, and the shares of “Arab Cement” and “SABIC Agricultural Nutrients” rose by 12%. In contrast, the share of “SABB Takaful” was issued List of companies declining by 5%, and T. Review the share of “Alujain Holding” by more than 3%.

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