The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Saudi Arabia equities go down at close of trade
On Thursday, Saudi Arabia shares went down after the close because losses in the Energy & Utilities, Hotels & Tourism as well as Media & Publishing sectors suppressed stocks.
The Tadawul All Share headed south 0.04%.
On the Tadawul All Share the best performers included Tabuk Cement Co, Rabigh Refining & Petrochemical Co and Yanbu Cement Co. They edged up 7.69%, 6.59% and 4.63% respectively.
As for the top losers, they were represented by such benchmarks as Fawaz Abdulaziz AlHokair Company, Al-Tayyar Travel Group Holding Co and Saudi Advanced Industries Co. They inched down respectively 3.05%, 2.41% and 1.87%.
On the Saudi Arabia Stock Exchange diving equities supplanted rallying ones by 96 to 83, while 3 were intact.
Stocks in Tabuk Cement Co. rallied to 52-week maximums, gaining 7.69% to 14.56. Equities in Rabigh Refining & Petrochemical Co inched up to 52-week peaks, adding 6.59% being worth 16.50.
The currency pair USD/SAR climbed 0.01% hitting 3.7506.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.