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.
