Saudi Arabia Stocks Close Higher as Tadawul All Share Rises 0.41%

Saudi Arabia’s stock market closed higher on Sunday, driven by gains in various sectors. At the end of the trading session, the main index increased by 0.41%.

The standout performers included Red Sea Housing Services Company, which surged by 9.88% or 5.60 points, closing at 62.30. Al Baha Investment and Development Company also had a strong showing, rising 6.25% or 0.01 points to finish at 0.17. The Company for Cooperative Insurance saw a 4.90% increase, adding 7.00 points to reach a closing price of 150.00.

Conversely, the worst performers for the day were Jamjoom Pharmaceuticals Factory, which decreased by 4.55% or 9.20 points, closing at 193.00. Arabian Shield Cooperative Insurance Company fell 3.74% or 0.76 points, finishing at 19.56, while Rasan Information Technology dropped by 3.13% or 2.00 points to close at 61.80.

Throughout the session, advancing stocks outnumbered those that declined, with 163 stocks rising compared to 122 that fell, while 21 remained unchanged.

Red Sea Housing Services Company reached a three-year high during the trading day, climbing by 9.88% to hit 62.30.

In commodities, crude oil for November delivery rose slightly by 0.10% to $70.33 per barrel. Meanwhile, Brent oil for December delivery fell by 0.21% to $73.69 a barrel. December gold futures increased by 1.24%, trading at $2,647.10 per troy ounce.

In currency trading, the EUR/SAR exchange rate remained steady at 4.19, while the USD/SAR rate was unchanged at 3.75. The US Dollar Index Futures also saw a slight increase of 0.10%, reaching 100.42.