The main Saudi stock index closed today, in rise of 0.71%, gaining 82.10 points and closing at 11624.98 points, with transactions for 6.8 billion riyals.
The volume of shares traded reached 172 million shares, shared by more than 340,000 transactions. Shares of 167 companies increased in value, while shares of 28 companies closed in Withdraw.
GIB Capital board chief Abdullah Al-Hamid said, in an interview with Al-Arabiya, that the effects of the repercussions of the Corona pandemic seem to be present on the supply chains and the extent of semiconductor availability that have affected and damaged the sector of technical and electronic products, and therefore affected the manufacturing sector in general, and perhaps the most important thing that appears. Examples include the results of the retail sector, such as the Jarir Company, and the impact on sales and production of iPhone devices.
He believes that high oil prices offer an advantage to producers with fixed-cost production lines.
The shares of the companies Al-Abdullatif, Al-Masafi, Baazeem, Al-Fokhariah and Shaker recorded the highest gains, while the shares of the companies Sulaiman Al-Habib, Saudi Fransi, Al-Bilad, ACWA Power and Bupa Arabia recorded the greater decline. In the trading, in when the percentages of increase and decrease fluctuated between 9.87% and 1.45%.
While the shares of companies ACWA Power, Dar Al Arkan, Shaker, Saudi Kayan and Seera were the most active in terms of quantity, and the shares of ACWA Power, SABIC, Al Rajhi, Shaker and Saudi Aramco were the most active in terms of value.
The Saudi Parallel Shares Index (Nomu) closed today, in rise of 312.85 points to close at 23425.6 points, with transactions worth 36 million riyals, and the volume of shares traded was over 420 thousand shares shared by 2433 deals.
Read More About: Business News