Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.65%

Source Investing

Investing.com – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Financial Services, Hotels&Tourism and Industrial Investment sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.65% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Al Baha Investment and Development Company SJSC (TADAWUL:4130), which rose 10.00% or 0.03 points to trade at 0.33 at the close. Tourism Enterprise Co. (TADAWUL:4170) added 6.32% or 0.06 points to end at 1.01 and Saudi Electricity Company (TADAWUL:5110) was up 6.28% or 1.02 points to 17.26 in late trade.

Biggest losers included Almunajem Foods Company SJSC (TADAWUL:4162), which lost 7.81% or 9.00 points to trade at 106.20 in late trade. Wataniya Insurance Company (TADAWUL:8300) declined 4.33% or 1.04 points to end at 23.00 and Saudi Research and Marketing Group (TADAWUL:4210) shed 3.74% or 10.40 points to 268.00.

Advancing stocks outnumbered falling ones by 206 to 95 and 20 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was down 1.94% or 1.40 to $70.59 a barrel. Meanwhile, Brent oil for delivery in January fell 1.84% or 1.39 to hit $74.14 a barrel, while the December Gold Futures contract fell 1.53% or 42.10 to trade at $2,707.60 a troy ounce.

EUR/SAR was down 2.16% to 4.02, while USD/SAR unchanged 0.01% to 3.76.

The US Dollar Index Futures was up 1.90% at 105.29.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Brent holds above $100 as tanker attacks tighten supply — but four forces are capping the rally Brent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.

Author Irene Q.

Sep 10, Thu

Brent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.

US August CPI lands tonight: after a 5.4% PPI shock, will the Fed hike on September 16?US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Author Irene Q.

Sep 11, Fri

US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Gold Price Forecast: PPI and Oil Prices Fuel Inflation Concerns, Can CPI Change Gold's Direction?As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Author TradingKey

Sep 11, Fri

As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Author Irene Q.

7 hours ago

Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

7 hours ago

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Popular Symbols