Saudi news

The Saudi stock market is bouncing upwards, and its index is rising 0.92%

The major stock markets in the Gulf ended their trading on a mixed note, on Tuesday, amid growing fears of a global economic slowdown and volatile energy prices.

And the Saudi stock market index turned its losses this morning, to close up 0.92% at 10280.15 points, after the share of Al-Rajhi Bank rose 3.7%, and the share of Retal Urban Development 1.8%.

The value of trading today amounted to about 4.3 billion riyals, after trading about 136.8 million shares, and the shares of 139 companies recorded an increase, while the shares of 69 companies declined.

The share of SABIC Agro-Nutrients Company jumped 6.2% after the company proposed a cash dividend of 8 riyals per share for the second half of 2022.

Data issued by the Joint Organizations Data Initiative “Judy” yesterday, Monday, showed that the Kingdom’s exports of crude oil rose for the fifth consecutive month in October, to their highest level in 30 months.

The main stock index in Dubai rose 0.3%, supported by a 10.1% rise in the National Central Cooling Company. In Abu Dhabi, the index fell 0.2%.

The Qatari index closed down 0.2% as a result of the decline in Qatar Islamic Bank’s share of 1.6%.

The first market index on the Kuwait Stock Exchange closed today, Tuesday, down by 1.1%, and the main market index 50 decreased by 0.52%, the main market by 0.24%, and the general market index by 0.9%.

Outside the Gulf region, the blue-chip index on the Egyptian Stock Exchange closed down 1.5%, recording losses for the fourth session in a row, due to profit-taking.

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