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Shares of real estate developers in the Saudi financial market recorded a negative performance during the week, as the share prices of 15 companies out of 16 companies included in the data fell, compared to a rise in only one share. Red Sea International topped the list of the most declining shares by 15.09%, followed by Knowledge Economic City with 13.17%, while Leden Investment Company accounted for the highest weekly trading value of about 402.9 million riyals.
Weekly performance data showed a decline in the share of the Red Sea International by 15.09%, to close at 15.76 riyals, with a market value of about 760.7 million riyals, followed by the share of Knowledge Economic City with a decline of 13.17%, to close at 18.86 riyals, with a market value of 6.40 billion riyals.
Rattal Urban Development Company came in next place with a decrease of 12.88%, to close at 6.90 riyals, while Mecca Construction and Development fell by 10.80% to 66.90 riyals.
Dar Al Arkan also fell by 9% to 17.39 riyals, EEC by 8.94% to 8.25 riyals, Bannan Properties by 6.51% to 2.73 riyals, and Cinnum Centers by 6.46% to 12.75 riyals.
The declines included Masar with 5.88%, reconstruction by 5.56%, Al-Andalus Real Estate by 4.69%, Saudi real estate by 4.64%, Al-Majdiya by 3.62%, Suma Real Estate by 2.36%, and Al-Oden Investment by 2.21%.
In contrast, the only real estate symbol stock that recorded a rise during the week, by 1.14%, to close at 53.10 riyals, with a market value of about 2.28 billion riyals.
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