Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.45%

On Wednesday, Saudi Arabia's stock market saw a decline at the close of trade. The Tadawul All Share index fell by 0.45%, indicating a negative trend across the sector. Several industries contributed to the losses, including Media & Publishing, Energy & Utilities, and Industrial Investment. Despite these overall declines, some companies managed to perform well.

Arab Sea Information Systems Co SJSC experienced a 9.79% increase, while National Gypsum Company and Saudi Reinsurance Company also saw gains of 5.51% and 5.05% respectively. Conversely, Saudi Ground Services Co was the worst performer, dropping by 4.98%. The market saw 194 stocks decline, 124 rise, and 26 remained unchanged, underscoring the dominance of the underperformers.

Crude oil prices for November delivery saw a modest increase of 0.77% to $90.13 a barrel, while Brent oil for December delivery rose by 1.13% to $101.72. Gold Futures prices for December decreased by 2.16% to $4,096.76 per troy ounce. Currency-wise, the Euro to Saudi Riyal (EUR/SAR) weakened by 0.74% to 4.19, while the US Dollar to Saudi Riyal (USD/SAR) remained stable at 3.75. The US Dollar Index Futures saw a slight rise of 0.63% to 102.25.