Saudi Arabia Stocks Decline Amid Losses in Agriculture, Financial Services, and Insurance Sectors

Saudi Arabia Stocks Close Lower, Led by Real Estate and Financial Sectors

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.

EDITORIAL TEAM
EDITORIAL TEAM
TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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