Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13%

Saudi Arabian stocks experienced an upward trend at the close of trade on Sunday, as gains in the Media & Publishing, Cement, and Financial Services sectors propelled the market higher. The Tadawul All Share index gained 1.13%, reaching a new 1-month high. The most significant gainers of the session were Saudi Vitrified Clay Pipes Co. (TADAWUL:2360), which surged 9.98% to 19.40, The National Shipping Co. (TADAWUL:4030) with a 9.45% increase to 37.30, and Saudi Azm for Communication and Information Technology (TADAWUL:7211) with a 6.91% rise to 25.08.

In contrast, the weakest performers were Morabaha Marina Financing Company (TADAWUL:4082) with a 4.74% drop to 8.04, Jadwa REIT Al Haramain Fund (TADAWUL:4332) with a 2.62% decline to 4.84, and Tabuk Agriculture Development Co (TADAWUL:6040) with a 2.27% decrease to 9.03. There were 226 rising stocks, compared to 94 falling ones, and 35 remained unchanged on the Saudi Arabian Stock Exchange.

The National Shipping Co. (TADAWUL:4030) reached 5-year highs, with its shares increasing 9.45% to 37.30. Meanwhile, crude oil prices for October delivery declined by 0.22% to $86.64 per barrel, while Brent oil for the same period rose 0.16% to $93.93 per barrel. Gold futures for December also increased by 1.97% to $4,661.60 per troy ounce.

Exchange rates remained unchanged, with EUR/SAR at 4.38 and USD/SAR at 3.75, with the US Dollar Index Futures decreasing by 0.05% to 98.77.