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 rally at close of trade
On Thursday, Saudi Arabia shares ascended after the close because profits in the Real Estate Development, Petrochemicals as well as Retail sectors underpinned stocks.
The Tadawul All Share inched up 0.73% hitting a fresh 3-month maximum.
On the Tadawul All Share the best performers were Makkah Construction&Development Co, Alujain Corporation and Dallah Healthcare Holding Company. They ascended respectively 4.92%, 4.24% and 3.50%.
As for the worst performers, they were represented by such benchmarks as Saudi RE Cooperative Reinsurance, Saudi Advanced Industries Co and Alawwal Bank. They went down respectively 2.17%, 1.16% and 1.01%.
Soaring equities outperformed dipping shares on the Saudi Arabia Stock Exchange by 124 to 45, while 13 were intact.
The currency pair EUR/SAR tacked on 0.42% to 4.5248, USD/SAR stood still, sticking to 3.7500.
The US Dollar Index Futures headed south 0.26% being worth 91.65.
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 US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).