Saudi Market value rose to SAR 1.429 trillion

*
The Saudi Stock Exchange witnessed a positive performance during the first week of November, to continue its gains for the second week boosted by12 sectors led by the banks. The general index of the market achieved gains at the end of the week on November 3.The general index rose 2.09% added 124 points to return again to the levels of 6.000 points. Market value achieved gaining SAR 23.2 billion, where it rose to SAR 1.429 trillion ($381 billion) from SAR 1.406 trillion ($374.83 billion), ($6.19 billion). Also, telecommunication sector is on the top of 12 sectors, gaining 5.07%, also Saudi Telecom Company (STC) and Mobily increased 4% and 8.88% to SAR 60.30 and SAR 19

The banks sector gained 3.14%, boosted by Al Rajhi Bank which increased 2.91% to SAR 57.69. Dar Al Arkan achieved the highest amounts of volume trading 169.7 million shares, while "Inma" was the most active stock in terms of value during the week with 1.75 billion shares. Saudi Arabian Fertilisers Company (SAFCO) rose 3.3%, while the petrochemical sector declined 0.75%, influenced by the loss of Saudi Basic Industries Corp.’s (SABIC) which lost 1.75% to SAR 84.05, , while Saudi Arabian Fertilisers Company (SAFCO) rose 3.3% and the National Commercial Bank (NCB) rose 6.49% to SAR 42.96.

*