Saudi stocks deepen their losses before closing to inspect 1.1 %

The Saudi stock market deepened its losses after 3 hours of trading to 1.1% to 11058 points, with pressure from the decline of 194 components of “Tassi” compared to the rise of 44 and the stability of the rest, and the pressure came mainly from the decrease in the share of “Al -Rajhi” and “Aqua Power”.

It was indicated in the weekly “Al -Iqtisadiya” analysis that the market will face a challenge in achieving positive performance during the week trading, influenced by a number of international events, after it ended last week with its worst performance in about a month and a half, which increases the chances of the market to continue to decline to the levels of 11080 points.

During the weekly holiday, President “Trump” threatened to impose customs duties on the European Union 50% applied on the first of June unless they reached a trade agreement, which had repercussions on the markets, so the dollar decreased and returns increased on American bonds.