The Saudi stock market closed Tuesday’s session in positive territory amid gains led by bank stocks, despite profit-taking that affected petrochemical and energy stocks.
The general index closed at 11,792 points, up 34 points, or 0.3 percent, while trading volume reached 7.38 billion riyals, concentrated in shares of Al Rajhi Bank, ACWA Power, and Petro Rabigh, with session volume totaling 198.6 million shares traded across more than 341,200 transactions.

The market’s rise was supported by gains in bank stocks, led by Al Rajhi Bank, which rose 3.1 percent, continuing its climb toward its all-time high set in 2006.
Etisalat shares also rose 2.8 percent, supported by the company’s third-quarter earnings, which reached 281 million riyals—a 56.6 percent increase—as well as a 7.4 percent rise in revenue.

Shares of 57 companies also rose during today’s session, led by Shams, which gained 4.3 percent, followed by Al Rajhi Bank, and then MBKO, which rose 2.9 percent.

Conversely, 140 companies saw their shares decline, led by Yansab, which fell 3.5 percent, continuing its decline for the third consecutive session due to its third-quarter results, Arabian Insurance, Al-Inmaa Tokyo Marine, and Petro Rabigh also fell by more than 3 percent.

In addition, Yamama Cement kicked off the sector’s third-quarter earnings announcements today, with net profits falling 58 percent to 40 million riyals, affected by a year-over-year revenue decline of approximately 32 percent. The company’s stock closed down 2 percent.