Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.30%

Saudi Arabia's stocks experienced a decline at the close of trade on Sunday, with the Tadawul All Share falling by 1.30%. The decline was primarily driven by losses in the Energy & Utilities, Cement, and Media & Publishing sectors. Despite the overall downturn, some stocks managed to perform better than others. Arriyadh Development Co. saw a rise of 5.68% to close at 16.75, while Saudi RE Cooperative Reinsurance and Saudi Automotive Services Co. also posted gains of 3.67% and 3.40% respectively.

On the flip side, Saudi Aramco Base Oil Company JSC suffered the most significant loss of the day, down 9.97% to 127.30. Knowledge Economic City and Allied Cooperative Insurance Group also declined, with losses of 5.08% and 4.96% respectively. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 268 stocks falling, 67 rising, and 15 ending unchanged.

Oil prices also had an impact on the market, with crude oil for October delivery dropping by 2.43% to $99.99 a barrel. Brent oil for November delivery dropped by 2.94% to $104.47 a barrel, while the December Gold Futures contract declined by 0.39% to $4,390.00 a troy ounce. The EUR/SAR exchange rate fell by 0.11%, while USD/SAR remained unchanged at 3.76. The US Dollar Index Futures gained 0.04% at 98.84.