Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.26%

Saudi Arabian stocks saw a decline at the close of trade on Sunday, as losses in the Insurance, Energy & Utilities, and Building & Construction sectors dragged down share prices. The Tadawul All Share index fell 0.26% to its lowest level in a month. Arabian Centres Co led the gains, increasing by 5.78% or 0.91 points to reach 16.66 at the close.

Nofoth Food Products Co and Arabian Company for Agricultural and Industrial Investment SCJSC also experienced significant gains, with additions of 5.26% and 4.67% respectively. Conversely, Mutakamela Insurance Co, Ladun Investment Co, and Al Etihad Cooperative Insurance Co posted substantial losses, with declines of 9.01%, 7.78%, and 6.82% respectively.

More stocks finished lower than they did at the opening bell, with 257 down to 71, and 12 remaining unchanged. Crude oil prices for November delivery slipped by 2.34% to $96.08 a barrel. Brent oil for November delivery fell by 1.56% to $103.19 a barrel, while the December Gold Futures contract rose by 0.37% to $4,415.90 a troy ounce.

EUR/SAR was up by 0.14% to 4.31, and USD/SAR remained unchanged at 3.76. The US Dollar Index Futures experienced a slight decline of 0.05% at 99.94.