The main Saudi stock index returned to decline in the red zone, and closed down 5.85 points, or 0.1 percent, to close at 11464.26 points, with a turnover of 5.4 billion riyals ($1.44 billion), and the volume of shares traded amounted to 176 million shares, in which 88 companies were registered. an increase in its value, while the shares of 116 companies closed in decline.
The financial advisor, Salem Al-Zahrani, stated that the global financial markets were positively affected by what the Chairman of the Federal Reserve (US Central Bank) Jerome Powell said earlier that the bank does not believe that the battle of inflation is over, but it will proceed with caution in its next step, as US stocks closed higher. At the end of the week, while the Japanese Nikkei index recorded the highest rate of increase in one day in two months, as well as the Gulf markets, which witnessed an improvement in their trading at the beginning of the week, indicating that the trading of the coming days will draw the condition of dealers in the local market, and their abandonment of extreme caution that leads to fluctuation in trading.
Aramco shares fell
For his part, Ahmed Al-Abdullah, a researcher in financial matters, indicated that the decline in Saudi Aramco’s share by 1 percent at 34.55 riyals ($9.21) limited the rise in the index and recorded the highest trading with 11.40 percent of the total market, as well as Al-Rajhi share, which fell by less than 0.30. percent at 72.30 riyals ($19.27), and Ayan’s share led the declines by six percent, at 15.88 riyals ($4.23), with a circulation of about 1.6 million shares, and flexible shares closed at 13.84 riyals ($3.69), down three percent. Recording the lowest closing since listing in the market after the end of the eligibility for cash dividends, the shares of Arab Drilling, Suleiman Al Habib, Saudi Fransi, Utilities and Dallah Healthcare ended their trading with declines ranging between one and three percent, and the shares of Takween and Al Khaleej Training fell by four percent.
Atheeb shares are the highest
The shares of Atheeb Telecom, Al-Rajhi Takaful, Al-Oula Mills, Alam and Budget Saudi Arabia were the highest gainers, while the shares of Ayan, Takween, Al-Khaleej Training, Flexible and Arabian Drilling companies were the lowest in trading, as the rates of rise and fall ranged between 8.94 percent and 5.81 percent.
While the shares of Saudi Aramco, Al-Baha, Shams, Al-Riyadh, and Al-Kathiri companies were the most active in quantity, as were the shares of Saudi Aramco, Al-Am, Atheeb Telecom, Al-Riyadh, and Al-Ahly companies were the most active in value.
The Saudi parallel stock index (growth) closed down 343.91 points, to close at 23666.08 points, with a circulation value of 35.1 million riyals ($9.36 million), and the volume of shares traded amounted to 1.7 million shares.
Putting Addis Holding in circulation
In addition, Addis Holding Company announced its intention to make an initial public offering and list its shares in the main market for Saudi Arabia’s trading. from existing shares, and issuance of 237.10 million new shares through capital increase.
The selling shares represent nine percent and the new shares represent 21 percent of the issued capital upon completion of the offering, which equals a total of 30 percent of the issued capital (after the issuance of new shares and the company’s capital increase), and it will also issue 33.78 One million new shares will be allocated to the employees of the company and its subsidiaries, provided that they are retained as treasury shares until their ownership is transferred to employees in accordance with the provisions of a long-term incentive plan.
