Among individual names, Al-Wataniyah and Asej topped weekly gainers with rises of 23.3% and 19.5% respectively, while Tabuk Agriculture and Kemanol led decliners, down 15.9% and 13.2%. Aramco remained the most actively traded stock by volume at 60.87 million shares, while Al Rajhi Bank led by value at 2.18 billion riyals.
The market's price-to-earnings ratio compressed to around 15.8 times during the August 6 sell-off, with analysts noting expectations of corporate profit growth. The index has since been testing support near the 10,800 level after oscillating between an intraday high of 10,910 and the 10,811 close earlier in the week.
Wednesday's opening saw a brief 0.70% dip to 11,811.57 points before paring losses, underscoring the fragile sentiment. With the latest 0.05% close, the question becomes whether this marginal gain signals a genuine floor around 10,800 or merely a pause before the next directional move driven by heavyweight flows and regional risk appetite.
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
