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Market news: South Korean President Lee Jae-myung will visit Japan from January 13 to 14.US Treasury Secretary Bessenter: We will not force institutional investors to withdraw from real estate investments.On January 9th, German Chancellor Merz stated on January 8th that the proposed formation of a "multinational force" to be deployed to Ukraine after a ceasefire between Russia and Ukraine would not be feasible without Russias consent. Merz made these remarks after attending a closed-door meeting of the Christian Social Union (CSU) in Bavaria, southern Germany. He noted that the leaders of Germany, France, and the United Kingdom agreed in December to sign a memorandum of understanding with Ukraine regarding the deployment of troops, but this involved security guarantees for Ukraine after a ceasefire agreement. Merz emphasized that a ceasefire must be achieved first, followed by security guarantees for Ukraine and a long-term agreement with Russia; this order must be followed. All of the above would be impossible without Russias consent.January 9th - According to a report by the Canadian Broadcasting Corporation (CBC) on the 8th, Canadian Prime Minister Mark Carney will visit China next week to discuss trade, energy, and security issues. If the trip takes place, it will be the first visit by a Canadian prime minister to China since 2017. Canadian media believe this visit is significant as it aims to repair Canada-China relations. The Canadian agricultural sector hopes Carneys visit will ease trade tensions. Global News Canada commented, "For farmers in Saskatchewan, this trip has been eagerly anticipated."According to TankerTrackers, a US-sanctioned oil tanker that departed Venezuela last week is currently anchored off the coast of Colombia.

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

Skylar Williams

Nov 28, 2022 16:25

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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.

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