Key Points:
- Saudi Arabia’s stocks gained on Sunday. The Tadawul All Share index rose by 0.27%, reaching a new 52-week high.
- Top performers included Saudi Steel Pipe Company, Saudi Advanced Industries Co., and Scientific and Medical Equipment House Company CJSC.
- Decliners included East Pipes Integrated Company for Industry, Arabian Shield Coop Insurance Co., and MBC Group CJSC.
- More stocks advanced than declined on the Saudi Arabia Stock Exchange, with 164 stocks rising, 113 falling, and 24 unchanged.
Saudi Arabia’s stocks experienced gains on Sunday, with sectors such as energy and utilities, building and construction, and real estate development leading the upward trend. At the close of trading, the Tadawul All Share index rose by 0.27%, reaching a new 52-week high.
Among the top performers on the Tadawul All Share were Saudi Steel Pipe Company (TADAWUL:1320), which surged by 10.00%, Saudi Advanced Industries Co. (TADAWUL:2120), with a gain of 10.00%, and Scientific and Medical Equipment House Company CJSC (TADAWUL:4014), which saw an increase of 9.98%.
Conversely, East Pipes Integrated Company for Industry (TADAWUL:1321) was among the session’s worst performers, dropping by 4.61%. Arabian Shield Coop Insurance Co (TADAWUL:8070) and MBC Group CJSC (TADAWUL:4072) also experienced declines.
The Saudi Arabia Stock Exchange witnessed more rising stocks than declining ones, with 164 stocks advancing, 113 declining, and 24 remaining unchanged. Shares in Saudi Steel Pipe Company (TADAWUL:1320) reached all-time highs, while shares in Saudi Advanced Industries Co. (TADAWUL:2120) and Scientific and Medical Equipment House Company CJSC (TADAWUL:4014) rose to 52-week highs.
In commodities trading, crude oil prices experienced a slight decline, with May delivery down to $80.58 a barrel for WTI crude and Brent oil for May delivery falling to $85.35 a barrel. Meanwhile, April Gold Futures dropped to $2,159.40 a troy ounce.
In currency markets, the EUR/SAR pair remained unchanged at 4.08, while the USD/SAR pair also held steady at 3.75. The US Dollar Index Futures showed a slight increase of 0.07%, reaching 103.06.
