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Saudi shares continue rise amid strong liquidity

Saudi shares continue rise amid strong liquidity
The Saudi Stock Exchange (Tadawul) closed in the green for the fourth session in a row amid a rise in liquidity.
The benchmark increased 0.69% or 69.72 points to close at 10206.19 pts compared with 10136.46 pts on Tuesday.     
Accordingly, the gauge returned to close above the 10200  level for the first time in six sessions.
The market gained nearly 658.65 pts this week, representing 50.5% of the 1303.9 pt loss it incurred last week.
Insurance only in red
Insurance was the only sector which headed south on Wednesday, falling 0.08%. Hotel & tourism topped advancers, rising 2.26%. It was followed by transport which closed 1.35% higher.   
55% of stocks in green
88 stocks headed north, topped by Petro Rabigh and Al Alamiya which rocketed 9.87% and 9.18%, respectively.
Meanwhile, 58 stocks headed south, led by Al Khodari and Export which dropped 2.64% and 2.57%, consecutively.
Turnover increased 1.94% to SAR 9.46 billion, compared with SAR 9.28 billion on Tuesday.
However, trading volume declined 1.69% from 295.87 million shares to 290.8 million shares.
Alinma Bank was the most active for the second day in a row with trading volume and value, after 37.58 million shares changed hands at SAR 898 million.
(Written by Mohammed Abu Meleeh; translated by Abdul Maguid Abu Shahla)