Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.71%

Saudi Arabia's stock market closed lower on Sunday as several sectors suffered losses. The Tadawul All Share index fell by 0.71%. Among the best-performing stocks, Saudi Fisheries Co. saw a gain of 9.97%, climbing to 72.80, while Al Sorayai Trading & Industrial Group rose 9.97% to 19.64 and Bawan increased 5.84% to 38.04. Conversely, Northern Region Cement Co. experienced the steepest decline, falling 5.43% to 6.79.

Rabigh Refining & Petrochemical Co. dropped 4.09% to 16.64 and National Industrialization Co. decreased 3.80% to 9.11. The number of stocks that fell outnumbered those that rose on the Saudi Arabia Stock Exchange, with 23 ending unchanged. Meanwhile, global oil prices saw modest declines, with October crude oil falling 0.11% to $83.44 per barrel and December Brent oil down 0.27% to $88.28.

Gold futures for December also dipped 3.43% to $4,504.10 per troy ounce. Currency-wise, the Euro/Saudi Riyal (EUR/SAR) fell 0.60% to 4.35, and the US Dollar/Saudi Riyal (USD/SAR) remained unchanged at 3.75. The US Dollar Index Futures showed a gain of 0.55% at 99.64.