Al -Rajhi faces the pressure of most companies and leads Saudi stocks about 0.2%
Saudi stocks increased at the end of the Monday trading by 0.2% to 11785 points despite the decline of most companies, but the increase in leadership shares, headed by “Al -Rajhi”, supported the positive direction of the index.
Less contribution by companies to support green points generally weakens the performance of the market in general, and does not enhance the possibility of continuing positive performance.
The “Tassi” index is trying during the recent sessions to exceed the current levels, as it is the level of 11790 points of resistance, which makes the next sessions clarify the most path of the market if it is able to face selling pressures.
Trading values during today’s trading increased by 51% to 6.5 billion riyals, and the highest “small companies” were 2.8 billion riyals, while “large companies” are less than 1.4 billion riyals.
7 sectors decreased against the rise of the rest, and the “capital goods” topped the high sectors by about 2%, while the “real estate funds traded” sector came at the top of the retreat by about 0.6%, and the highest trading in the “bank” sector was worth 852 million riyals.