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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.
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?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.