Saudi stocks are declining during today's trading, led by the financial and agricultural sectors

The Saudi stock indices ended their trading in a downturn today, Tuesday. The financial services sector, the agricultural sector, the food industries, and the petrochemicals sector topped the declining sectors.

The Saudi general index lost about 2.59% in the Riyadh Stock Exchange, and the number of declining shares exceeded the higher ones, as it recorded 115 declining shares, compared to 50 rising shares, while 14 shares remained unchanged.

The Saudi shares topped the following high shares: The share of Etihad Etisalat Company “SE:7020” came at the fore, which achieved an increase of 0.72 points, or 3.52%, to reach the share price at 21.20 riyals, while the share of United Cooperative Insurance Group “SE:8150” continued its rise, as It advanced by about 3.34%, or 0.42 points, to close at the price of 13.00 riyals, and the Saudi Indian Company for Cooperative Insurance “SE:8110” added gains of 0.56 points, or by 2.62%, to end the trading day at 21.92 riyals.

As for the declining shares on the general index: the share of the National Commercial Bank “SE:1180” topped the declining shares, as it lost about 7.90%, or a value of 4.40 points, to end its trading at a price of 51.30 riyals, while the share of the Saudi British Bank “SE:1060” fell, losing 2.00 points, or 7.41%, to reach the price of 25.00 riyals, and the share of Samba Financial Group “SE:1090” fell by 1.80 points, or by 6.92%, to close at 24.20 riyals.

Commodities and Metals

Crude oil futures for “August delivery” declined to lose 0.08%, to reach the price of a barrel at 47.03 dollars, and Brent contracts for “September delivery” fell by 0.06%, to reach the price of 49.65 dollars a barrel, as for gold contracts, they achieved an increase by 0.501 TP2T, a value of 6.07 dollars, to reach the price of an ounce at 1225.27 dollars.

Currencies:

The EUR/SAR fell 0.17% to 4.2545, while the USD/SAR continued its rise by 0.02%, reaching at 3.7506 levels.

The dollar index contracts rose by 0.10% to reach the level of 96.05 points.

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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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