Saudi stocks ended their trading today, Wednesday, in the green zone, as the Saudi general index rose, achieving gains by 5.50%, recording its highest level in 52 weeks. The gains were led by the following sectors: the financial services sector, the agricultural sector, food industries, the energy sector and public services.
The number of the rising shares outweighed the declining ones, as the rising shares recorded 159, in contrast to 14 declining shares, while 7 shares remained unchanged.
The following Saudi stocks led the higher shares on the general index: The share of Sabma Financial Group “SE:1090” gained 2.33 points, or by 10.26%, to close its trading at a price of 25.05 riyals, while the share of Emaar the Economic City “SE:4220” continued to harvest its gains. A value of 1.38 points, or 10.21%, to end its trading at a price of 14.90 riyals, and the National Commercial Bank share “SE:1180” added gains of 4.60 points, or by 10.04%, to close the session at a price of 50.40 riyals.
As for the decliners, the share of Saudi IAIC for Cooperative Insurance “SE:8050” came at the fore, which lost 0.38 points, or 2.25%, to reach the price of 16.50 riyals, and the share of the National Cooperative Insurance Company “SE:8140” lost 0.12 points, or by 1.161 TP2T, the stock ended its trading at 10.26 riyals, and the share of Tahama Advertising and Public Relations “SE:4070” lost 0.35 points, or 1.08%, to reach the price of 32.00 riyals.
Commodities and Metals
Crude oil futures “August delivery” recorded an increase of $0.08, or 0.18%, to reach the price of $43.59 a barrel, and Brent crude “August delivery” decreased by $0.01, or 0.02%, to reach the price of $46.01 a barrel. Gold contracts “August delivery” gained 0.66 dollars, or 0.05%, to reach the price of an ounce at 1244.16 dollars.
Currencies:
The EUR/SAR pair rose by 0.10%, to trade at the 4.1788 level, while the USD/SAR pair continued to rise by 0.01%, to trade at the 3.7505 level, while the US dollar index contracts declined by 0.08%, to trade at 97.32 points.
[banner-group name='bannerforex']Mixed performance of stocks in the United Arab Emirates
UAE stocks ended mixed trading today, as gains were led by the telecommunications sector, the transportation sector and the basic commodities sector, while the losses were led by the financial services sector, the banking sector, the investment sector and the services sector.
The Dubai Financial Market Index lost about 0.98%, while the Abu Dhabi Market Index rose by about 0.07%. The number of declining shares exceeded the high shares on the Dubai Market Index by 32 high shares, compared to 3 declining shares, while 3 remained unchanged. As for the Abu Dhabi index, it has lost The number of declining shares exceeded the advancing ones by 14 declining shares, against 8 advancing ones, while 6 remained unchanged.
Dubai Financial Market Index:
The following shares led the risers on the index: The share of Aramex "DU:ARMX" rose by 0.040 points, or 0.78%, to reach the share price at 5.150 dirhams, while the share of Emirates Integrated Telecommunications "DU:DU" remained stable without change, to end the session at The price of 5.330 dirhams, and the share of the National Cement Company “DU:NCC” settled at its level without change, to close at 3.00 dirhams.
As for the declining shares, the share of Mashreq Bank “DU:MASB” lost about 7.00 points, or by 9.21%, to close at the price of 69.00 dirhams, and the share of SHUAA Capital “DU:SHUA” lost about 0.110 points, or by 8.33%, to close at the price of 1.1210 The share of Drake & Scull International "DU:DSI" decreased by 0.023 points, or by 5.50%, to reach the share at the closing price of 0.395 dirhams.
Abu Dhabi Financial Market Index
As for the rising shares on the Abu Dhabi index, the share of Dana Gas “AD:DANA” advanced by 6.15%, to reach the price of 0.690 dirhams, while the share of Ras Al-Khaimah National Bank “AD: RAKB” continued to achieve gains by about 5.58%, to close at the price of 4.54 dirhams, The share of Gulf Medical Projects “AD: GPHI” added gains by about 4.35%, to conclude its trading at a price of 2,400 dirhams.
As for the decliners, the share of Methaq Takaful Insurance Company “AD: METH” came at the forefront of the decliners, as it lost 4.55%, to close at AED 0.840, and Union Cement “AD: UCC” share lost about 3.85%, to reach the share price at AED 1.250. And the International Holding Company for Fish Farming “AD:ASMK” lost about 3.29%, to close at 1.47 dirhams.
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