Key Points
- Tadawul All Share Index closed 0.83% lower, driven by declines in the Agriculture, Financial Services, and Insurance sectors.
- Bindawood Holding Co., Thimar Development Holding Co., and Americana Restaurants were among the top performers.
- Dallah Healthcare Holding Company, Halwani Bros, and Astra Industrial Group were among the worst performers.
- Crude oil prices rose 1.43%, while gold prices dropped by 0.52%. EUR/SAR remained mostly unchanged, while USD/SAR slightly increased.
Saudi Arabia’s stock market closed lower on Sunday, weighed down by losses in the Agriculture & Food, Financial Services, and Insurance sectors. The Tadawul All Share Index slipped by 0.83% or 102.53 to 12,271.77, reflecting a broad market decline as several key sectors substantially dropped.
Despite the overall market downturn, some companies stood out with strong performances. Bindawood Holding Co. (TADAWUL:4161) led the gainers, rising by 6.01% or 0.45 points to close at 7.94. Thimar Development Holding Co. (TADAWUL:4160) also posted notable gains, rising 5.71% or 2.80 points to end the day at 51.80. Americana Restaurants (TADAWUL:6015) climbed 5.30% or 0.14 points to close at 2.78.
On the flip side, some companies suffered significant losses. Dallah Healthcare Holding Company (TADAWUL:4004) was the session’s worst performer, falling by 4.98% or 8.40 points to trade at 160.40. Halwani Bros (TADAWUL:6001) followed closely, dropping 4.97% or 3.40 points to close at 65.00. Astra Industrial Group (TADAWUL:1212) also decreased sharply, down 3.10% or 5.40 points to 168.60.
Overall, declining stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 166 shares down and 120 up, while 26 ended the session unchanged. This reflects a generally bearish sentiment across the board.
In commodities trading, Crude Oil for November delivery rose 1.43% or $0.97 to $68.64 a barrel, while Brent Oil for December delivery increased by 0.63% or $0.45 to settle at $71.54 a barrel. Meanwhile, Gold Futures for December delivery fell 0.52% or $14.10 to trade at $2,680.80 per troy ounce as investors weighed inflation data and interest rate expectations in major economies.
In currency markets, EUR/SAR remained mostly unchanged, moving up 0.10% to 4.19, while USD/SAR showed a slight increase of 0.01% to 3.75. The U.S. Dollar Index Futures fell by 0.14%, standing at 100.11.
