• The Saudi market ends the chain of gains and closes on a marginal decline


    * Majed Al-Khaldi from Riyadh​

    The Saudi market closed today's session with a slight decline to end the chain of gains, which extended to seven consecutive sessions, and the movement of the market today was affected by the decline of Aramco and the National Bank, despite the continuation of SABIC shares for its upward path and for the eighth consecutive session to approach the level of 90 riyals.

    The sector's performance varied today, as the luxury goods retail sector led the gains by 0.9 percent, while the food production sector continued its gains, which is trading near the highest level in two years, while the performance of Al-Othaim shares pressured the food retail sector to decline 2.9 percent.

    The Saudi market closed at the level of 7285 points, so the general index fell 4 points or 0.05 percent, and transactions recorded during the end of transactions amounted to about 6.36 billion, with trading volumes of 353.5 million shares.

    Shares of 9 companies ended with a rise of more than 3 percent, led by the shares of Gulf and Shaker, which increased by more than 5 percent, followed by shares of Zidan 4.9 percent, then Saudi German, which rose 3.6 percent, while the total of the high shares today was 84 company.​

    On the other hand, the shares of 95 companies issued by the shares of Al-Markaz Al-Khaleej Co. declined 6.9 percent, followed by RET ownership, by 3.8 percent, in addition to 4 other companies, which fell by 3 percent, including Al-Othaim and Gulf Training.

    To that, oil prices approached $ 40 for Brent crude today, after its rise by more than 2 percent, while Texas crude is trading at $ 36.15 a barrel, while we find European markets on high rises today to approach their highest levels in 3 months, where the DAX is trading The German gained 3.7% as Lufthansa shares supported the stock market performance​.​

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