Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.84%
Saudi Arabia's stock market closed lower on Sunday, with the Tadawul All Share index declining by 0.84%. The decrease was attributed to losses in several key sectors, including Hotels & Tourism, Media & Publishing, and Energy & Utilities. Among the best performers of the day were Elm Company, which surged 9.00% to close at 611.50, Bindawood Holding Co, which added 5.43% to 4.85, and Sumou Real Estate Company, which rose 4.72% to 24.40.
Conversely, the worst performers included Saudi Pharmaceutical Industries and Medical Appliances Corp, which fell 9.99% to reach a 52-week low of 24.68, Alujain Corporation, which declined 9.91% to 23.26, and Power and Water Utility Company for Jubail and Yanbu, which dropped 8.38% to 40.22. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by a ratio of 250 to 79, with 12 stocks ending unchanged.
Crude oil for December delivery saw a modest gain of 0.93% to $102.95 per barrel, while Brent oil for January delivery increased by 2.08% to $113.10 per barrel. Gold Futures prices for December slipped by 3.63% to $3,884.90 per troy ounce. Currency markets remained relatively stable, with EUR/SAR and USD/SAR remaining unchanged at 4.19 and 3.75, respectively, and the US Dollar Index Futures falling by 0.06% to 101.83.
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