Key Points:
- Saudi Arabia stocks declined, with the losses primarily in the Energy & Utilities sectors. The Tadawul All Share index declined by 1.62%.
- Saudia Dairy and Foodstuff Co., Al-Jouf Agriculture Development Co., and East Pipes Integrated Company for Industry were among the top performers.
- Thimar Development Holding Co., Tanmiah Food Company SCJSC, and Walaa Cooperative Insurance Company SJSC were among the worst performers,
- 176 declined, 108 advanced, and 18 remained unchanged. East Pipes Integrated Company for Industry reached all-time highs, surging by 5.55%.
Saudi Arabian stocks closed lower on Sunday, with the losses primarily driven by declines in the Energy & Utilities, Insurance, and Media & Publishing sectors. At the close in Saudi Arabia, the Tadawul All Share index experienced a notable decline of 0.55% or 67.36 to 12,217.05, reaching a new 3-month low.
Among the top performers on the Tadawul All Share were Saudia Dairy and Foodstuff Co. (TADAWUL:2270), which witnessed a significant increase of 9.97% or 35.00 points, closing at 386.20. Additionally, Al-Jouf Agriculture Development Co (TADAWUL:6070) added 9.94% or 5.20 points, settling at 57.50, while East Pipes Integrated Company for Industry (TADAWUL:1321) rose by 5.55% or 9.00 points, reaching 171.20 in late trade.
Conversely, Thimar Development Holding Co (TADAWUL:4160) emerged as one of the worst performers, experiencing a decline of 9.94% or 1.56 points, concluding at 14.14. Following suit, Tanmiah Food Company SCJSC (TADAWUL:2281) fell by 9.93% or 14.20 points, reaching 128.80, while Walaa Cooperative Insurance Company SJSC (TADAWUL:8060) witnessed a decrease of 9.91% or 3.25 points, closing at 29.55.
On the Saudi Arabia Stock Exchange, falling stocks outnumbered advancing ones, with 176 declining, 108 advancing, and 18 remaining unchanged. East Pipes Integrated Company for Industry (TADAWUL:1321) reached all-time highs, surging by 5.55%.
In commodities trading, Crude oil for June delivery declined by 1.34% or 1.06, trading at $78.20 a barrel. Brent oil for July delivery also fell by 1.31% or 1.10, reaching $82.78 a barrel. Meanwhile, the June Gold Futures contract rose by 1.14% or 26.60, trading at $2,366.90 a troy ounce.
In the currency market, the Euro to Saudi Riyal (EUR/SAR) pair remained unchanged at 4.04, while the United States Dollar to Saudi Riyal (USD/SAR) pair also remained unchanged at 3.75. The US Dollar Index Futures increased by 0.07% to 105.18.
