Saudi Arabia shares rally
On Monday, Saudi Arabia shares managed to ascend after the settlement due to the fact yields in the Retail, Media & Publishing as well as Insurance sectors underpinned stocks.
The Tadawul All Share headed north by 0.12% at the close in Saudi Arabia reaching a fresh 3-years maximum.
On the Tadawul All Share, the best performers of the trading marathon were represented by Aldrees Petroleum & Transport Svcs that ascended by 6.77% concluding the trading session at 34.70.
Besides this, Saudi Cement Company inched up by about 4.60% being worth 66.00, while Bupa Arabia for Coop. Insurance rallied by 4.34% coming up with 91.40 in late trade.
As for the worst performer of the trading session, one should mention Al Andalus Property Co SJSC that headed south by 7.22% hitting 15.42 at the close. Additionally, Abdullah A. M. Al-Khodari Sons Co went down by 6.26% showing 5.39, while AXA Cooperative Insurance Company decreased by 2.80% demonstrating 26.00.
On the Saudi Arabia Stock Exchange, diving shares managed to outclass rallying ones by 84 to 83, while 22 didn’t change.
Aside from that, stocks in Aldrees Petroleum & Transport Svcs jumped to 3-years maximums, adding 6.77% reaching 34.70. Stocks in Saudi Cement Company managed to tack on to 52-week maximums, soaring by 4.60% reaching 66.00. Additionally, stocks in Bupa Arabia for Coop. Insurance soared to 52-week peaks, rallying by up to 4.34% ending up with 91.40.
June delivery crude futures slumped by 0.54% being worth $62.96 a barrel. Brent futures declined by 0.31% hitting $71.41 a barrel. As for June delivery gold futures, they shrank by 0.64% demonstrating $1280.55 a troy ounce.
The currency pair EUR/SAR jumped by 0.01% hitting 4.1822. USD/SAR gained 0.01% trading at 3.7502.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.