Urgent.. Saudi stock market indices decline at the end of trading

The value of trading in the market amounted to 4.2 billion riyals, and the volume of shares traded reached 200 million shares, according to the daily economic bulletin of the Saudi Press Agency, but 75 companies witnessed an increase in the value of their shares, while the shares of 146 companies decreased.

Decline in Saudi stock market indices

The main Saudi stock index ended the trading session on a decline, declining by 29.12 points and closing at the level of 11,099.98 points. The shares of Al-Omran, Zamil Industrial, Maharah, Sumou, and Research and Media companies were among the highest rising stocks, while the shares of Al-Baha, United Insurance, Al-Jouf, and Mine, the lowest asset in the session, and the percentages of rise and fall ranged between 5.41% and 6.67%.

As for activity, the shares of Shams, Anaam Holding, Electrical Industries, Saudi Aramco, and America topped the list of the most active in terms of quantity, and the shares of Saudi Aramco, Al Rajhi, Al Ahli, Atheeb Communications, and Al Khaleej Training were the most active in terms of value in addition to that. The Saudi parallel stock index (Nomu) decreased by 6.20 points to reach the level of 24,096.91 points, and the value of trades in it reached 21 million riyals, and the quantity of shares traded in this market reached more than one million shares.

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Reasons for the stock market decline

The main Gulf stock exchanges were filled with declines in Wednesday’s session due to:

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What is the best trading platform in Saudi Arabia?

The best trading platform is LG, which is one of the best companies in this field, whether the traders are experienced or beginners. It is suitable for them, as it is distinguished by the presence of competitive prices and a large number of trading tools. It also provides clients with the ability to choose between a variety of different trading assets.

Can a foreigner trade in the Saudi market?

Yes, a foreign investor may own more than 10% of the shares available in the financial market or in a debt instrument in convertible sources, but it is not permissible for a foreign investor to meet with his friends and own more than 49% of the shares of a specific source, with the exception of foreign strategic investors.

How do I invest in the Saudi Stock Exchange from Egypt?

The foreign investor can directly access the financial market in Saudi Arabia through the Qualified Foreign Investor Program, which is a program offered by the Tadawul Company as part of its own program to develop the financial sector in the Kingdom.

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