The Saudi stock indices declined at the end of today's trading, led by the media sector and the insurance sector

The Saudi stock indices ended their trading today, Wednesday, in the red zone, and the losses were led by the following sectors: the media and advertising sector, the industrial investment sector and the insurance sector. The Saudi general index closed its trading today, down by 1.16%.

The number of declining shares exceeded the number of the rising shares, as the number of declining shares reached about 165 shares, compared to 8 high ones, while 4 shares remained stable without change, which led to the decline of the main index.

Regarding the high shares on the Saudi general index, the Saudi Indian Company for Cooperative Insurance “SE:8110” topped the high shares, as it rose by 4.75%, or 0.85 points, to close its trading at a price of 18.75 riyals, and the share of Jabal Omar Development Company “SE:4250” continued its rise By 1.48% to reap 1.00 points, the share ended its trading at 68.50 riyals, and Herfy Food Services Company “SE:6002” share gained 0.63%, or 0.50 points, to close at 79.50 riyals.

As for the declining Saudi stocks, Al-Rajhi Takaful Insurance “SE:8230” came at the forefront of the decliners, as it lost about 4.98%, or 2.40 points, to trade at 45.80 riyals, and the share of Tahama Advertising and Public Relations “SE:4070” closed its transactions, losing 1.15 A point, or 4.97%, to reach the share at a price of 22.00 riyals at the closing of the session, which is the lowest in 52 weeks, and the share of Saudi Marketing “SE:4006” fell by 4.36%, losing 1.30 points, to close at a price of 28.50 riyals.

Commodities and Metals

Crude oil futures “for May delivery” declined by 1.22%, to lose 0.59 dollars, to reach the price of a barrel at the closing at 47.65 dollars, and Brent contracts “for May delivery” fell by 1.26%, losing 0.64 dollars, to reach 50.32 dollars a barrel, As for the gold contracts for the month of April, it rose by 0.22%, or 2.75 points, to reach the price of an ounce at the close of 1249.25 dollars.

Currencies:

The EUR/SAR pair declined by 0.07%, to trade at the level of 4.0520 riyals, while the USD/SAR pair continued to rise by 0.02%, to trade at the level of 3.7506 riyals.

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Mohamed Abdel Khaleq

A professional technical and economic analyst in global financial markets since 2004. He holds a Master’s in Business Administration from the American University in Cairo. He works as an economic writer and technical analyst for many international financial companies. He writes daily economic and technical analyzes for many Arabic and English websites specialized in the field of stock exchanges and financial markets.

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