Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.82%

Saudi Arabia's stock market experienced an upward trend at the close of trade on Sunday, with the Tadawul All Share index rising by 0.82%. The significant gains were driven by positive movements in the Media & Publishing, Petrochemicals, and Insurance sectors. Arabian Contracting Services Company saw the largest percentage increase, surging 9.97% to reach 42.12. Ladun Investment Co and Saudi Vitrified Clay Pipes Company also made notable gains, both ending the day up around 9.9%.

Conversely, Najran Cement Company and Saudi Arabian Cooperative Insurance experienced declines, with the former falling by 2.32% to 5.47 and the latter dropping 2.12% to 9.25. Saudia Dairy & Foodstuff Company had a particularly tough day, closing at a 3-year low of 170.50, down 2.01%. Of the 325 companies traded on the Saudi Arabia Stock Exchange, 239 saw their stocks rise, while 86 declined. A total of 19 shares ended the session unchanged.

Commodity markets also witnessed fluctuations. December crude oil prices rose by 3.95% to $99.02 per barrel, while Brent oil for December delivery increased by 0.15% to $109.69. Gold Futures for December rose 0.40% to $4,186.70 per troy ounce. Currency markets showed no significant changes, with EUR/SAR up 0.20% to 4.22 and USD/SAR remaining unchanged at 3.75. The US Dollar Index Futures saw a minor decrease of 0.06% at 101.60.