Key Points:
- Saudi Arabia’s stocks declined, led by losses in the Hotels & Tourism, Transport, and Energy & Utilities sectors. Tadawul All Share index saw a 0.31% decline.
- Saudi Arabian Amiantit Co. (TADAWUL:2160) was among the top performers, registering a significant increase by the session’s end.
- Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 166 stocks declining, 113 advancing, and 19 remaining unchanged.
- Saudi Cable Company (TADAWUL:2110) and CHUBB Arabia Cooperative Insurance (TADAWUL:8240) reached notable highs during the session.
Saudi Arabia stocks experienced a downturn in Sunday’s trading session. Losses were primarily observed in the Hotels & Tourism, Transport, and Energy & Utilities sectors, contributing to a 0.31% decline in the Tadawul All Share index at the close.
Among the notable performers of the session on the Tadawul All Share was Saudi Arabian Amiantit Co. (TADAWUL:2160), which registered a significant increase of 9.99% or 2.43 points to trade at 26.75 by the session’s end. Similarly, Saudi Cable Company (TADAWUL:2110) and CHUBB Arabia Cooperative Insurance (TADAWUL:8240) experienced notable gains, rising by 9.99% and 9.92%, respectively, in late trade.
Conversely, the session saw some notable decliners, with East Pipes Integrated Company for Industry (TADAWUL:1321) leading the losses, falling by 6.73% or 10.40 points to trade at 144.20 at the close. Al Moammar Information Systems Co CJSC (TADAWUL:7200) and Amana Cooperative Insurance Co (TADAWUL:8310) also experienced declines, down by 6.34% and 6.20% respectively.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 166 stocks declining, 113 advancing, and 19 remaining unchanged. Key highlights of the session include Saudi Cable Company (TADAWUL:2110) and CHUBB Arabia Cooperative Insurance (TADAWUL:8240), reaching 52-week highs and 5-year highs, respectively, indicative of strong positive momentum in these stocks.
In commodities trading, crude oil prices experienced a slight decline, with the May delivery contract down by 0.31% to $80.82 a barrel. Brent oil for delivery in June also fell by 0.26% to $84.83 a barrel. Meanwhile, the April Gold Futures contract saw a decrease of 0.83% to trade at $2,166.50 a troy ounce.
Currency markets saw the EUR/SAR pair declining by 0.49% to 4.05, while the USD/SAR pair remained unchanged at 3.75. The US Dollar Index Futures also recorded a gain of 0.43% at 104.11.
