• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Prime Minister Sanae Takaichi: Canadian crude oil arrived in Japan today, the first time since the deterioration of the situation in the Middle East.August 12th - According to the Financial Times, Ukrainian officials stated that Ukraine has ceased its intensive drone attacks on oil tankers using key Black Sea ports following a request from US Vice President Vance at the end of last month. Washington was reportedly shocked, as Ukraines attacks on tankers transporting crude oil from Kazakhstan to the Caspian Pipeline Union (CPC) terminal in Novorossiysk, Russia, further destabilized the oil market and harmed the interests of US companies. According to Ukrainian officials and other informed sources, Vance requested a halt to the attacks during a phone call with Ukrainian President Zelensky on July 31st. According to official sources and the Financial Times analysis of publicly available information, Ukraine has not attacked oil tankers near the Caspian Pipeline Union (CPC) terminal since then. Officials stated that Ukraine has agreed not to target Caspian Pipeline Union (CPC) infrastructure or non-Russian vessels, provided these vessels are not subject to Ukrainian sanctions and are not carrying Russian oil or other Russian goods. A senior Ukrainian official stated, "We listened very seriously to our US partners." He added that Kyiv has established relevant "mechanisms" at the request of the US.On August 12th, shares of South Korean chipmakers rose after media reports that Temasek Holdings planned to invest in their stocks. Samsung Electronics and SK Hynix shares surged by over 8% at one point, boosted by a report in the Asia Business Daily that Temasek had contacted South Korean investors regarding potential investments in Samsung and SK Hynix. It is understood that Temasek Holdings is considering the timing of the investment and plans to invest directly through its internal investment team. The South Korean KOSPI index also rose by approximately 5% as a result. In July, these chipmakers shares suffered a sharp sell-off as market concerns about the rapid pace of artificial intelligence infrastructure development led to the liquidation of leveraged positions. Recently, the shares have begun to rebound as market attention has shifted to the companies planned shareholder return policies.According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.According to the Financial Times, US Vice President Vance has called on Ukraine to stop attacking oil tankers using Russian ports.

At The Close of Trading, Saudi Arabian Stocks Fell 1.30 Percent

Skylar Williams

Nov 28, 2022 16:25

5.png


After the Saudi Arabian market closed on Sunday, the Agriculture & Food, Building & Construction, and Industrial Investment sectors led the decrease in stocks.


At the closing of trading in Saudi Arabia, the Tadawul All Share dropped 1.30 percent to a fresh 6-month low.


Tourism Enterprise Co. (TADAWUL:4170) had the strongest performance on the Tadawul All Share during the session, increasing 9.5% or 2.90 points to 32.05. Dr Sulaiman Al Habib Medical Group (TADAWUL:4013) gained 2.38 percent, or 5 points, to close at 215.00 and Arabian Drilling Co (TADAWUL:2381) gained 2.08 percent, or 2.40 points, to 117.60 in late trading.


Malath Cooperative Insurance Co (TADAWUL:8020) had the worst performance during the trading day, sliding 9.69%, or 1.18 points, to 11.00 at the closing. Al Yamamah Steel Industries Co (TADAWUL:1304) closed at 23, down 8.00%, or 2.00 points, while United Wire Factories Company (TADAWUL:1301) closed at 24, down 8.15%, or 2.15 points.


On the Saudi Arabia Stock Exchange, the ratio of decreasing to rising stocks was 201 to 43, with 11 finishing unchanged.


Malath Cooperative Insurance Co (TADAWUL:8020) shares fell 9.69%, or 1.18 points, to 11.00, a 52-week low. United Wire Factories Company (TADAWUL:1301) shares declined 8.16 percent, or $2.15, to settle at $24.20, representing a 52-week low. Al Yamamah Steel Industries Co (TADAWUL:1304) shares fell 8.00%, or $2.00, to $23.00, marking a 52-week low.


The January price of a barrel of crude oil declined by 1.78 percent, or $1.39, to $76.55 per unit. Brent oil for February delivery remained unchanged by 0.00% or $0.00 at $83.71 per barrel, whereas the December Gold Futures contract increased by 0.54% or $9.40 to $1,755.00 per troy ounce.


EUR/SAR stayed stable at 3.91, whilst USD/SAR was steady at 3.76.


US Dollar Index Futures were down 0.03% at 105.94.