The Saudi market index closed in fall of 4.5% to 10.787 points

The Saudi stock market index closed the session on Sunday, in fall of 4.53%, losing 511.66 points to 10787.79 points, with a total daily trading exceeding 7.4 billion riyals.

A member of the Saudi Economic Association, Walid bin Ghaith, said in an interview with “Al Arabiya” that the losses pervading the Gulf markets are under pressure from the global fears of a mutated Crown or Micron.

The market reduced its losses slightly after losing around 5% at the start of the session, to overcome losses of 4% in the last trading hour.

The foreign direct investment portfolio in the Saudi stock market increased 74% year-on-year to reach $ 57.8 billion in the second quarter of 2021.

In turn, Daman Investments’ head of wealth management, Ali Al-Adaw, said in an interview with Al-Arabiya that the markets will see strong fluctuations during the next two weeks due to the new Corona mutator.

In today’s session of the Saudi stock exchange, the number of shares traded reached over 223 million shares, united by over 407,000 transactions, in where the shares of 6 companies recorded an increase in value, while the shares of 197 companies closed in a drop.

The shares of Enaya, Amana Insurance, Food Development, National Education and National companies were the highest, while the shares of Petro Rabigh, Saudi Kayan, Al-Abdullatif, Jazadco and Shaker were the lowest in the exchanges, as the rates of l the increase and decrease ranged from 9.88% to 9.95%.

While the shares of the companies Al-Inmaa, Dar Al-Arkan, Saudi Kayan, Tasnee and Petro Rabigh were the most active in terms of quantity, while the shares of Al-Rajhi, Alinma, SABIC, Sipchem International and Saudi Aramco were the most active in value.

The Saudi Parallel Shares Index (Nomu) closed today, in fall of 790.30 points, closing at 22,374.24 points, with transactions for 18 million riyals and the number of shares traded reached over 313,000 shares, shared by 1646 transactions.

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