Saudi Investment Funds Index rises 1.59% on Monday amid SAR 36.2m turnover

Riyadh — Mubasher: The Saudi Investment Funds index finished Monday's session, 26 October, with a gain of 39.55 points, closing at 2,526.59 points.

Market breadth was significantly positive as 31 funds advanced against only three decliners, supported by a total trading turnover of SAR 36.27 million.

The index maintained a steady upward trajectory throughout the session, ending with a 1.59% increase from its previous levels.

Trading activity saw 5.37 million shares exchanged across the listed investment vehicles.

Real Estate Investment Traded Funds (REITs) dominated the liquidity and volume charts, driving the majority of the day's market movement.

AL MAATHER REIT (4334) led the gainers, surging 7.82% to close at SAR 7.58, followed by ALAHLI REIT 1 (4338) which rose 4.69% to SAR 6.03.

JADWA REIT SAUDI (4342) also posted strong gains of 4.54%, reaching SAR 7.6.

Exchange Traded Funds (ETFs) participated in the rally, with ALBILAD SAUDI GROWTH ETF (9408) climbing 3.58% and ALBILAD SAUDI EQUITY ETF (9412) rising 2.92%.

Other notable performers included MULKIA REIT (4336) and ALJAZIRA REIT (4331), which advanced 3.49% and 3.47% respectively.

On the negative side, only three funds closed in the red. Al RAJHI REIT (4340) saw the largest decline, falling 1.42% to SAR 7.62.

DERAYAH REIT (4339) dropped 0.80% to SAR 4.96, while ALKHABEER REIT (4348) eased slightly by 0.20% to finish at SAR 5.1.

JADWA REIT SAUDI (4342) was the most active fund by both value and volume, recording SAR 15.12 million in turnover through 1.94 million shares.

BONYAN REIT (4347) followed in activity with SAR 5.89 million in traded value and 680,000 shares, closing 0.61% higher at SAR 8.25.

AL MAATHER REIT (4334) and ALINMA HOSPITALITY REIT (4349) also featured prominently in the activity lists, with the latter gaining 1.02% on a turnover of SAR 2.22 million.

MEFIC REIT (4346) remained unchanged at SAR 2.63 despite seeing a high volume of 560,000 shares.

Source: Mubasher Source: {{details.article.source}}