Key Points:
- Saudi Arabia stocks closed lower, with the Tadawul All Share index falling by 0.60%.
- Al-Rajhi Cooperative Insurance, Saudi Steel Pipe Company, and Middle East Pharmaceutical were among the session’s top performers.
- Mobile Telecommunications Company, Saudi Arabian Amiantit Co., and Hail Cement Company were among the worst performers.
- During the session, Saudi Steel Pipe Company and Middle East Pharmaceutical reached all-time highs.
Saudi Arabia stocks concluded Sunday’s trading session on a downward trend, with losses primarily driven by the Real Estate Development, Financial Services, and Telecoms & IT sectors. The Tadawul All Share index fell by 0.60% at the close of trading in Saudi Arabia.
Among the top performers on the Tadawul All Share was Al-Rajhi Cooperative Insurance (TADAWUL:8230), which surged by 9.92% or 8.40 points to 93.10 by the session’s end. Additionally, Saudi Steel Pipe Company (TADAWUL:1320) saw a gain of 9.87% or 4.85 points, closing at 54.00, while Middle East Pharmaceutical (TADAWUL:4016) experienced an increase of 7.56% or 13.60 points, ending at 193.40.
Conversely, the session’s worst performers included Mobile Telecommunications Company (TADAWUL:7030), which witnessed a decline of 6.31% or 0.94 points, closing at 13.96. Saudi Arabian Amiantit Co. (TADAWUL:2160) dropped by 4.27% or 1.20 points to reach 26.90, and Hail Cement Company (TADAWUL:3001) was down by 4.12% or 0.50 points, closing at 11.64.
During the trading session, declining stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 165 stocks experiencing a decline, 115 stocks recording gains, and 23 remaining unchanged. Saudi Steel Pipe Company (TADAWUL:1320) and Middle East Pharmaceutical (TADAWUL:4016) both achieved all-time highs.
In commodities trading, crude oil for April delivery increased by 1.98% to $79.81 per barrel, while Brent oil for May delivery rose by 1.89% to $83.46 per barrel. The April Gold Futures contract also increased by 1.80% to trade at $2,091.60 per troy ounce.
In currency markets, EUR/SAR rose by 0.33% to 4.07, while USD/SAR remained unchanged at 3.75. The US Dollar Index Futures experienced a decline of 0.26%, closing at 103.82.
