Key Points
- The Tadawul All Share index dropped 0.36%, led by declines in the Industrial Investment, Petrochemicals, and Hotels & Tourism sectors.
- Saudi Vitrified Clay Pipes Co., SHL Financing Company SJSC, and Taiba Holding Co. were among the top performers.
- Riyadh Cables Group Company CJSC, Al Hassan Ghazi Ibrahim Shaker, and Dr. Sulaiman Al Habib Medical Group were among the worst performers.
- Crude oil increased 0.12%, Brent oil rose 0.08%, and gold surged 1.42%. The US Dollar Index Futures fell 0.74%, signaling a weaker dollar.
Saudi Arabia’s stock market closed lower on Sunday. The Tadawul All Share index fell 0.36% or 43.07 to 11,849.37, driven by declines in the Industrial Investment, Petrochemicals, and Hotels & Tourism sectors. Market sentiment leaned negative, with falling stocks outnumbering advancing ones by 187 to 121, while 29 shares remained unchanged.
Among the session’s standout performers, Saudi Vitrified Clay Pipes Co. (TADAWUL:2360) surged 9.89%, adding 3.50 to close at 38.90. SHL Financing Company SJSC (TADAWUL:1183) also posted strong gains, climbing 6.43% or 1.10 to end at 18.20. Taiba Holding Co. (TADAWUL:4090) rounded out the top gainers with a 4.97% increase, rising 1.85 to close at 39.05.
On the downside, Riyadh Cables Group Company CJSC (TADAWUL:4142) saw the sharpest decline, dropping 6.30% or 9.20 to end at 136.80. Al Hassan Ghazi Ibrahim Shaker (TADAWUL:1214) followed, losing 5.15% or 1.45 to finish at 26.70. Dr. Sulaiman Al Habib Medical Group (TADAWUL:4013) also struggled, falling 4.02% or 12.00 to close at 286.60.
In commodities, oil markets remained relatively stable. Crude oil for February delivery increased 0.12% or 0.08 to $69.46 a barrel, while Brent oil for March delivery rose 0.08% or 0.06 to trade at $72.56 a barrel. Gold futures for February delivery gained traction, climbing 1.42% or 37.00 to settle at $2,645.10 per troy ounce.
In the currency market, EUR/SAR advanced 0.51% to 3.91, while USD/SAR remained steady at 3.75. The US Dollar Index Futures reflected a broader dollar weakening, falling 0.74% to close at 107.35.
