Saudi stocks rise today, led by the construction and petrochemical sectors

The Saudi stock indices ended their trading today, Tuesday, in the green zone, supported by the gains made by several sectors, especially the building and construction sector, the petrochemical sector, and the media and advertising sector.

The Saudi general index closed its trading with a gain of 0.70%, as the number of advancing shares outpaced the declining ones by 117 advanced shares, against 36 declining ones, while 25 shares remained stable without change.

Saudi stocks

Saudi stocks

Regarding the most important rise in Saudi stocks, the share of Al-Khodari Contracting Company “SE:1330” topped the rise, as it achieved an increase of 10.40%, or a value of 1.05 points, to end its trading at a price of 11.15 riyals. The share of Al Sorayai Trading and Industrial Group “SE:1213” continued its increase by 9.47%, or 0.80 points, to close the session at a price of 9.25 riyals, and Alinma Tokyo Marine “SE:8312” share gained about 4.96%, or 1.30 points, to end its trading at 27.50 riyals.

As for the declining shares: The share of Nama Petrochemical Company “SE:2210” came to the fore, as it recorded a decline of 7.28%, or 1.52 points, to reach the price of 19.35 riyals, and the share of the Saudi Fisheries Company “SE:6050” lost by 2.59%, which is a value of 1.52 points. 0.70 points, to close its trading at 26.30 riyals, and Bupa Arabia for Cooperative Insurance “SE:8210” share fell 2.25 points, or 1.96%, to reach the share price at 112.75 riyals.

Commodities and Metals

Crude oil futures contracts for “June delivery” achieved a gain of 0.82%, to gain 0.40 dollars, to reach the price of a barrel at 49.25 dollars, and Brent contracts for “July delivery” rose by 0.77%, to gain 0.40 dollars, to reach the price of a barrel at 52.22 dollars, and it also achieved Gold contracts gained about 0.39%, ie a value of $4.74, to reach the price of an ounce at $1234.74.

Currencies:

The EUR/SAR rose by 0.91% to trade at 4.1541, and the USD/SER continued to rise with gains of 0.01% to trade at 3.7506.

Mixed performance of UAE stocks

The UAE stock indices closed their trading today, Tuesday, mixed, with gains led by the basic commodities sector, the telecommunications sector, and the insurance sector, while the services sector, the construction sector, and the transportation and communications sector declined.

The general index of the Dubai Financial Market declined by 0.03% to its lowest level in three months, while the Abu Dhabi market index recorded a rise by 0.39%.

Regarding the high shares in the Dubai Financial Market, the share of Shuaa Capital “DU:SHUA” achieved gains by 4.96%, to gain 0.070 points, to reach the share price at the end of trading at 1,480 dirhams, and the share of the Gulf General Investment Company “DU:GGIC” continued to rise by 4.17%, i.e. The share price increased by 0.016 points to reach 0.400 dirhams, and the share of DXB Entertainment “DU:DXBE” added gains by 3.52%, or 0.029 points, to close its trading at 0.854 dirhams.

Mohamed Abdel Khaleq
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