Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.89%

Saudi Arabian stocks experienced a decline at the close of trade on Tuesday, with the Tadawul All Share index falling 0.89% to a one-month low. Several sectors led to the losses, including Media & Publishing, Building & Construction, and Industrial Investment. Despite the overall drop, some companies managed to perform well. Saudi Aramco Base Oil Company JSC saw a rise of 3.89% or 5.00 points, closing at 133.40.

Americana Restaurants International PLC climbed by 1.66% or 0.04 points, reaching 2.45, and Arab National Bank also increased by 1.56% or 0.36 points, ending at 23.40. Conversely, the worst performers among the companies were LIVA Insurance Co, which dropped by 6.25% or 0.93 points, settling at 13.96. Amana Cooperative Insurance Co lost 4.92% or 0.36 points, concluding at 6.96, and Bawan ended down 4.79% or 1.74 points, at 34.60.

The disparity was evident with falling stocks outnumbering advancing ones by 289 to 46, and 13 stocks ended unchanged. Crude oil for October delivery saw a 1.05% increase to $102.45 a barrel, while Brent oil for November delivery gained 0.50% to $106.21 a barrel. In contrast, December Gold Futures fell by 0.71% to $4,321.15 per troy ounce.

Currency-wise, EUR/SAR remained unchanged at 4.34, USD/SAR was also unchanged at 3.76, and the US Dollar Index Futures experienced a 0.23% rise to 99.33.