The Saudi stock market index has recorded the longest series of weekly gains in 2020, closing positively during the past week with over 100 points in gains. Saudi stocks are expected to start trading on Sunday, amid anticipation of the market indexs ability to hold above 7,300 points. According to observers, profit-making processes will not push the market index to break the 7,200 point level. Sunday’s trading comes as oil markets recorded high profit-making on Thursday and managed to restore its balance on Friday. The stock market index ended trading last week up by 1.4 percent, equivalent to 102 points, closing at 7,310 points compared to the previous week’s closing at 7,208. It continued its rise for the fourth week in a row, its longest weekly streak in 2020. The value of total transactions decreased last week to SAR25.89 billion ($6.9 billion) compared to about SAR30.08 billion ($8 billion) the previous week, with a decrease of 13.7 percent on a weekly basis. Meanwhile, companies listed in the Saudi stock market transactions continued to announce their financial results for the first quarter of 2020. Last week, 23 companies announced their financial results, bringing the total to 128. Without counting the various companies with different fiscal year and real estate funds traded, 45 companies are yet to announce their financial results for Q1 2020. The performance varied among companies. Some recorded better profit rates, while others had seen remarkable quarterly losses. During last week’s transactions, indicators of 18 sectors recorded an increase compared to the previous week, topped by the medicine sector by 10 percent, followed by the capital goods sector with 7.1 percent and the basic materials sector also rose by more than two percent. Three sectors recorded a decline during last weeks transactions, led by the food retail sector by 1.2 percent and the public facilities sector by less than one percent.