Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.89%

Saudi Arabian stocks experienced an upward trend after the close of trade on Sunday, as gains in the Media & Publishing, Energy & Utilities, and Insurance sectors contributed to the rise. The Tadawul All Share index concluded the day with a 0.89% increase, reaching a 1-month high. Raydan Co (TADAWUL:6012) led the gains with a 9.97% rise, closing at 16.00 per share.

Al Sorayai Trading&Industrial Group (TADAWUL:1213) and Tihama Advertising&Public Relations (TADAWUL:4070) also performed well, with increases of 9.97% and 7.29%, respectively. The weakest performers were Saudi Enaya Cooperative Insurance (TADAWUL:8311), down 6.25% to 9.60 per share, followed by Al Kathiri Holding Co (TADAWUL:3008) at 3.70%, and Tamkeen Human Resources Co (TADAWUL:1835) at 3.24%.

In total, there were 213 rising stocks versus 107 declining ones on the Saudi Arabia Stock Exchange, with 21 ending unchanged. Crude oil prices for October delivery rose by 1.42% to $81.47 per barrel, while Brent oil for the same period increased by 1.76% to $88.60 per barrel. Gold Futures for December also saw a 0.26% rise to $4,432.00 per troy ounce.

The EUR/SAR exchange rate climbed by 0.40% to 4.34, and the USD/SAR remained unchanged at 3.75, while the US Dollar Index Futures experienced a slight decline of 0.32% to 99.54.