Saudi Arabia Stocks Experienced Decline, Tadawul All Share Hits 1-Month Low

Saudi Arabia Stocks Rise Led by Real Estate Development and Petrochemical Sectors

Key Points:

  • Saudi Arabia stocks saw a downturn with losses in the Media & Publishing and Building & Construction sectors; the Tadawul All Share index fell by 1.31%.
  • Top performers included Red Sea Housing Services Company, National Industrialization Co., and Alinma Retail REIT Fund Unit.
  • Middle East Healthcare Co CJSC, Zamil Industrial Investment Co, and Saudi Research and Marketing Group were the worst performers.
  • On the Saudi Arabia Stock Exchange, declining stocks outnumbered advancing ones, with 214 declining stocks, 74 advancing, and 16 unchanged.

Saudi Arabia stocks witnessed a downturn in trading on Sunday, with losses predominantly observed in the Media & Publishing, Building & Construction, and Energy & Utilities sectors. At the close of the trading session, the Tadawul All Share index fell by 1.31% or 164.33 to 12,401.56, a new 1-month low.

The session’s top performers on the Tadawul All Share included Red Sea Housing Services Company (TADAWUL:4230), which surged by 9.89% to 30.00 points, National Industrialization Co (TADAWUL:2060) rose by 5.14% to 13.92 points, and Alinma Retail REIT Fund Unit (TADAWUL:4345) climbed by 5.00% to 5.25 points.

Conversely, the worst performers of the session comprised Middle East Healthcare Co CJSC (TADAWUL:4009), which plummeted by 10.00% to 99.00 points, Zamil Industrial Investment Co (TADAWUL:2240), which dropped by 10.00% to 26.10 points, and Saudi Research and Marketing Group (TADAWUL:4210), which declined by 10.00% to 259.20 points.

The Saudi Arabia Stock Exchange witnessed more falling stocks than advancing ones, with 214 stocks declining, 74 advancing, and 16 remaining unchanged. Red Sea Housing Services Company (TADAWUL:4230) reached 52-week highs during the session.

In commodities trading, crude oil prices experienced a slight increase, with May delivery rising by 2.16% or 1.76 to $83.11 a barrel. Brent oil for June delivery also saw a marginal uptick by 0.05% or 0.04 to $86.99 a barrel, while the June Gold Futures contract rose by 1.90% or 42.10 to $2,254.80 a troy ounce.

Currency markets showed relatively stable movements, with EUR/SAR and USD/SAR remaining largely unchanged. The US Dollar Index Futures recorded a modest increase of 0.20% at 104.27, reflecting some upward momentum in the currency markets.

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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