Riyadh – Mubasher: The Saudi Investment Funds index closed lower on Thursday, shedding 4.88 points to finish at 3,022.84 points.

Market breadth leaned negative as 19 funds declined compared to 14 gainers, while total trading liquidity reached SAR 19.30 million across 2.39 million shares.

The Investment Funds index experienced a slight retreat during the session, marked by a daily change of 0.16%. Trading activity was concentrated in the Real Estate Investment Traded Funds (REITs) sector, which saw varying performance across major constituents. The market saw 14 funds advancing, 19 declining, and 3 remaining unchanged by the closing bell.

In terms of individual fund performance, Aljazira REIT (4331) led the gainers, rising +2.26% to close at SAR 11.30. It was followed by SEDCO Multi Asset, which climbed by 1.98% to SAR 6.71.

Exchange Traded Funds (ETFs) also saw positive movement, with Albilad US Tech ETF and Albilad Gold ETF gaining 1.71% and 1.04%, respectively. Other notable gainers included Alinma Hospitality REIT, which rose +0.75% to SAR 8.10.

On the decliners' side, Alinma Government Sukuk ETF recorded the steepest drop, falling 1.26% to SAR 10.22. Riyad REIT declined by 1.00% to SAR 4.95, while Al Aziziah REIT fell 0.97% to SAR 5.13.

Derayah REIT and Yaqeen ESG ETF also faced downward pressure, losing 0.90% and 0.87%, respectively.

Liquidity was primarily driven by Jadwa REIT Saudi, which topped the value chart with SAR 4.44 million in trades despite a 0.74% price drop.

Aljazira REIT followed with SAR 3.61 million in turnover, and Alinma Hospitality REIT saw SAR 3.42 million in transactions. These three funds also dominated the volume rankings, with Alinma Hospitality REIT seeing 420,000 shares exchanged, followed closely by Jadwa REIT Saudi at 410,000 shares and Aljazira REIT at 310,000 shares.