The stock index of Saudi Arabia has declined on background of the global reduction in oil prices. Oil fell below the $40 mark, and has shown a decrease of 3% due to the news of a growth in oil inventories. The USA has reported, that the inventories have risen by 9 million barrels, which has exceeded the forecasts and has led to the negative tendencies. The index’s further move will directly depend on the oil’s value.
Tadawul has decreased by 1.70% and still continues to fall. Traders have a great opportunity to earn money on a further fall. Remember, that trading will be available during the European session from 8:10 to 12:20 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.