Saudi Arabia Stocks Decline as Energy Sector Loses, Saudi Cable Company Hits 52-Week High

Saudi Arabia Stocks Reach New Highs as Agriculture & Food Sectors Lead Gains

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.

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.

Read More

We are highly passionate and dedicated to delivering our readers the latest information and insights into technology innovation and trends. Our mission is to help understand industry professionals and enthusiasts about the complexities of technology and the latest advancements.

Follow Us

Advertise Here...

Build brand awareness across our network!