“Tassi” falls under the pressure of leadership shares, despite the rise of most companies

Saudi stocks fell slightly to close at the level of 11756 points, in a session characterized by relative calm, despite the high majority of companies. However, the negative performance of the “Al -Ahly” shares, along with leadership shares, put pressure on the “Tassi” index, in light of the low trading values.

The previous “Al -Iqtisadiya” newspaper analysis indicated that the levels of 11760 points constitute resistance, which the market was unable to overcome, especially with the low performance of the financial results for the first quarter that was announced before the opening of the session, as most of them came less than expectations.

With the return of the global markets to trading tomorrow, new data may appear that stimulate the morale of customers, which may lead to an increase in the severity of oscillation and market activity, especially with the coincidence of this with the announcement of more companies ’results for the first quarter.

Trading values ​​fell 39% to 4.3 billion riyals, as “small companies” acquired the largest share with a trading value of 2.1 billion riyals, while “large companies” recorded the lowest levels of trading at a value of 804 million riyals.

Sectically, the performance of 9 sectors decreased against the increase in the rest of the sectors, as the “capital goods” sector exported the altitudes by 1.5%, while the “Applications and Technical Services” sector came at the top of the retreating sectors by 0.9%. The “basic materials” sector was the highest traded in terms of liquidity with a value of 610 million riyals.