Saudi mega-city project NEOM signs deal for region’s largest fish farm
RIYAD: The Saudi stock market closed Wednesday’s session in the green zone, and for the fourth session in a row, point gains were marginally after the general index rose 1 point, with liquidity down 31% compared to the previous session.
The broad index closed at 11,383 points and traded cash amounted to SR 6.11 billion ($ 1.6 billion), compared to SR 8.9 billion in the previous session. Liquidity came from Aramco and SABIC shares, as well as from Asir, with a circulation of 181.25 million shares, in 272.7 thousand transactions.
The reason for the market rise today is because Ma’aden shares rose 3.2%, recording the highest close since listing at SR 82.5 per share, while SABB shares Bank and Almarai rose by 2.2 and 1.4%.
Conversely, SABIC stock fell 1.4% after three sessions of gains, and “Saudi Aramco” stock also fell 1%, after large gains recorded by the stock during the session. former.
- Saudi Arabian Mining Co., Ma’aden, announced the completion of maintenance work on the ammonia plant of its subsidiary Ma’aden Phosphate Co.
- Al Kathiri Holding Co. announced on Wednesday the official opening of its subsidiary’s Sudair City factory for industry and business, as well as the inauguration of the Saudi engineering management training center.
- Petro Rabigh also announced that it has entered into a joint agreement on September 29, 2021 between itself, Saudi Aramco and SABIC, under which SABIC will market Saudi Aramco’s share of specific petrochemical materials produced by Petro Rabigh, effective October 1, 2021.
The “Nomu” parallel market index closed today’s session with a slight decrease of 8.44 points, or 0.04%, compared to the previous session, and closed at 23,909.68 points . The liquidity of “Nomu” today amounted to approximately 42.1 million riyals, 467.4 thousand shares were traded, thanks to the execution of 1920 transactions.
11 of the 21 market sectors grew, led by investment and finance 2.7%, long-term commodities 1.5% and food production 1.1%, while the remaining 10 sectors declined, led by business and professional services 1%, energy 0.9% and insurance 0.6%.
The biggest winners today are: Asir 10 percent, Smou 4.4 percent, Al-Abdul Latif 4.3 percent, Food Development 3.4 percent, Gebsco and Ma’aden 3.3 percent, Fish Fash and the Saudi Group 3.1 percent.
The biggest declines today are: Al Naqool and Al Rajhi Takaful 3.1%, MEPCO 2.8%, Al Drees 2.6%, Emaar 2.4% and United 2.1%.