When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
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.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.