Key Points
- The Tadawul All Share Index declined 0.33%, weighed down by the Media & Publishing, Agriculture & Food, and Industrial Investment sectors.
- Saudi Cable Company, Sumou Real Estate Company JSCC, and Walaa Cooperative Insurance Company SJSC were among the top performers.
- Al Baha Investment and Development Company SJSC, Riyadh Cables Group Company CJSC, and Almarai Company were among the worst performers.
- Crude oil and Brent oil rose as optimism in energy markets, while Gold futures dropped.
Saudi Arabia’s stock market closed lower on Sunday, with the Tadawul All Share Index falling by 0.33% or 39.80 to 12,059.53. Decreases in the Media & Publishing, Agriculture & Food, and Industrial Investment sectors weighed on the overall performance.
Despite the overall downturn, Saudi Cable Company (TADAWUL:2110) led the session’s gains, surging 8.49% or 7.30 to close at 93.30 SAR. Sumou Real Estate Company JSCC (TADAWUL:4323) also performed well, rising 6.61% or 2.95 to 47.60 SAR. Walaa Cooperative Insurance Company SJSC (TADAWUL:8060) followed with a 3.45% increase or 0.62, ending at 18.60 SAR.
On the losing end, Al Baha Investment and Development Company SJSC (TADAWUL:4130) recorded the steepest drop, declining 6.06% or 0.02 to close at 0.31 SAR. Riyadh Cables Group Company CJSC (TADAWUL:4142) fell 3.07% or 4.60 to finish at 145.00 SAR, while Almarai Company (TADAWUL:2280) slid 2.29% or 1.40 points to 59.70 SAR.
Market breadth leaned negative, with 164 declining stocks outnumbering 143 advancing ones, while 30 remained unchanged.
In commodities, crude oil prices rose as optimism in energy markets pushed January delivery up by 1.81% or 1.27 to $71.29 a barrel. Similarly, February Brent oil increased by 1.47% or 1.08 to reach $74.49 a barrel. However, February gold futures declined 1.24% or 33.60, trading at $2,675.80 per troy ounce.
The euro strengthened against the Saudi riyal in currency markets, with EUR/SAR rising 0.25% to 3.95, while USD/SAR remained flat at 3.76. The US Dollar Index Futures saw a marginal increase, up 0.04% to 106.68, signaling slight strength in the dollar.
