Key Points:
- Tadawul All Share index added 0.32%, driven by gains in the real estate development, transport, and petrochemicals sectors.
- Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange, with 173 stocks advancing, 106 declining, and 22 remaining unchanged.
- Saudi Steel Pipe Company, Saudi Chemical Company, and East Pipes Integrated Company for Industry reached new highs.
- Crude oil prices experienced a slight decline, while gold prices increased. The US Dollar Index Futures slightly decreased during the trading session.
Saudi Arabia’s stocks closed higher on Sunday, with gains in the real estate development, transport, and petrochemicals sectors driving the market upward. At the close of trading on the Tadawul All Share, the index added 0.32%.
Among the top performers of the session on the Tadawul All Share were Saudi Steel Pipe Company (TADAWUL:1320), which surged 10.00%, Saudi Chemical Company (TADAWUL:2230) rose 9.94%, and East Pipes Integrated Company for Industry (TADAWUL:1321) climbed 9.93%.
Conversely, the worst performers included Arabian Contracting Services Company CJSC (TADAWUL:4071), which fell 10.00%, Saudi Tadawul Group Holding Co (TADAWUL:1111) declined 3.91%, and Saudi Research and Marketing Group (TADAWUL:4210) was down 2.78%.
Overall, rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange, with 173 stocks advancing, 106 declining, and 22 remaining unchanged. Saudi Steel Pipe Company (TADAWUL:1320) reached all-time highs, while Saudi Chemical Company (TADAWUL:2230) reached 5-year highs, and East Pipes Integrated Company for Industry (TADAWUL:1321) also saw record highs.
In commodity trading, crude oil prices for April delivery experienced a slight decline, with Brent oil for delivery in May also falling. However, the April Gold Futures contract saw an increase. In currency markets, EUR/SAR remained unchanged at 4.10, while USD/SAR remained steady at 3.75. Meanwhile, the US Dollar Index Futures experienced a slight decrease.
