Key Points:
- Saudi Arabia stocks declined, with losses in the Media & Publishing, Agriculture & Food, and Financial Services sectors.
- Top performers included Saudi Arabian Amiantit Co., Arabian Pipes Company, and Saudi Steel Pipe Company.
- Declines were seen in Al Baha Investment and Development Company SJSC, Savola Group, and Jadwa REIT Saudi Fund.
- Market breadth favored rising stocks, with 191 stocks rising, 96 declining, and 14 unchanged.
Saudi Arabia stocks experienced a downturn at the close on Sunday, with losses primarily driven by declines in the Media & Publishing, Agriculture & Food, and Financial Services sectors. The Tadawul All Share index fell by 0.24% by the end of the trading session.
Among the top performers of the session on the Tadawul All Share were Saudi Arabian Amiantit Co. (TADAWUL:2160), which saw a notable increase of 9.96% or 2.65 points, closing at 29.25. Additionally, Arabian Pipes Company (TADAWUL:2200) rose by 9.94% or 15.80 points to finish at 174.80, while Saudi Steel Pipe Company (TADAWUL:1320) recorded a gain of 9.91% or 3.85 points achieved an all-time high, closing at 42.70.
Conversely, Al Baha Investment and Development Company SJSC (TADAWUL:4130) experienced a decline of 6.67% or 0.01 points, ending the session at 0.14. Savola Group (TADAWUL:2050) also saw a decrease of 3.65% or 2.10 points, closing at 55.50, and Jadwa REIT Saudi Fund (TADAWUL:4342) fell by 3.07% or 0.40 points to 12.64.
Regarding market breadth, rising stocks outnumbered declining ones, with 191 stocks rising, 96 declining, and 14 remaining unchanged on the Saudi Arabia Stock Exchange.
In commodities trading, crude oil for April delivery experienced a decrease of 2.60% to $76.57 a barrel, while Brent oil for delivery in May fell by 2.50% to $80.80 a barrel. Meanwhile, the April Gold Futures contract rose 0.74% to trade at $2,045.80 a troy ounce.
Currency markets saw the EUR/SAR pair remain unchanged at 4.06, while the USD/SAR pair remained stable at 3.75. The US Dollar Index Futures slightly increased by 0.03% at 103.90.
