Saudi stocks close lower at the beginning of March 2017 trading

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Saudi stock indices closed in the red during trading today, Wednesday, and the declines were led by the shares of the tourism and hotels sector and the industrial investment sector.

At the conclusion of today's trading, the Saudi general index fell, recording losses by about 0.08%, to reach its lowest record level.

The share of Saudi Enaya Cooperative Insurance “SE:8311” topped the high shares on the Saudi General Index, as it gained 1.05 points, or by 6.36%, to reach the share price at the close of the session at 17.55 riyals. It increased by 1.70 points, or 5.78%, to reach the share of 31.10 riyals, and the share of Atheeb Communications Company “SE:7040” added 0.200 points, or by 5.63%, to reach the share price at the closing of 3.750 riyals.

As for the declining shares on the general index, the Saudi Marketing share “SE:4006” topped the list, declining by 0.60 points, or by 2.07%, to reach the price of 28.40 riyals, followed by the share of Al-Tayyar Travel and Tourism Group “SE:1810”, which recorded losses of 0.60 points. That is, by 1.83%, to trade at a price of 32.20 riyals, and the share of Emaar Economic City “SE:4220” closed down by 1.52%, or by a value of 0.30 points, to reach the share at 19.45 riyals.

The number of rising Saudi shares exceeded the number of low shares listed on the Saudi general index, as the number of rising shares reached 77, compared to 73 declining shares, while 21 remained unchanged.

During today’s trading, the futures contracts for crude oil “April delivery” recorded an increase of 0.17 cents, or 0.31%, to trade at $54.18 a barrel, and Brent crude contracts for “May delivery” rose by 0.22 points, or 0.39%, to trade at $54.18 a barrel. Price $56.73.

As for gold contracts for the month of April, it fell by $11.45, or 0.91%, to reach the price of an ounce at $1242.45.

During today's trading, the EUR/SAR fell by 0.41%, to trade at 3.9499, but the USD/SAR pair remained unchanged, trading at 3.7502.

Saudi stocks


Saudi stock indices declined during the month of February

Over the course of February trading, the Saudi general index “Tadawul” fell by 1.8%, losing 129.4 points, to end its trading for this month at 6972.3 points, while the index closed January’s trading at 7101.8 points.

By the end of February trading, the market value of shares declined by 1.5% to a total value of 1.63 trillion riyals, compared to the previous month, which ended its transactions with a value of 1.65 trillion riyals.

The value of trading during the month of February fell sharply by about 26.6%, or 75.7 billion riyals, compared to the previous month, which recorded a value of 103.2 billion dollars. 5.64 billion shares were traded.

About 2.05 million deals were executed during the month of February, compared to 2.78 million deals made in January.

As for the shares that dominated trading during February, Al-Inmaa Company “SE: 1150” came first with a rate of 10.06%, with a value of 7.6 billion riyals, followed by the share of SABIC “SE: 2010” with a rate of 7.3%, with a value of 5.5 billion riyals. In the third place, Dar Al-Arkan Company came with an acquisition rate of 4.03%, i.e. 3.05 billion riyals, and Al-Riyadh Company recorded 3.03%, i.e., 2.29 billion riyals, and in the fifth and last place came Al-Rajhi Company, with a turnover of 2.27 billion riyals, i.e. 3.01%.

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Mohamed Abdel Khaleq

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