Saudi Arabia ramps up Gulf oil exports after pipeline attack, data shows

Saudi Arabian stocks faced a downward trend at the close of trade on Monday, as losses were observed across various sectors. The Tadawul All Share index experienced a decline of 0.63%, reaching its lowest point in one month. AYYAN Investment Co SJSC emerged as the top performer, gaining 8.82% to reach 9.25 points, while Scientific and Medical Equipment House Company added 5.80%, closing at 27.72 points, and Arabian Company for Agricultural and Industrial Investment also saw a 5.21% increase, finishing at 22.40 points.

In contrast, Perfect Presentation for Commercial Services Company and Arabian Centres Co led the decliners, with losses of 5.85% and 5.76% respectively, trading at 5.63 and 15.70 points. Arabian Contracting Services Company suffered the steepest drop, falling 5.12% to 50.00 points. The number of falling stocks (226) surpassed advancing ones (102), with 20 stocks ending unchanged.

The worst performers included Perfect Presentation for Commercial Services (5.63 points) and Arabian Contracting Services (50.00 points). Crude oil prices for November delivery experienced a 3.31% decrease, settling at $92.90 per barrel. Brent oil for the same month dipped by 3.17% to $100.58 a barrel, while December Gold Futures fell by 0.54% to $4,401.07 a troy ounce.

Currency markets remained stable, with EUR/SAR and USD/SAR remaining unchanged at 4.31 and 3.76 respectively, and the US Dollar Index Futures rising by 0.03% to 99.96.