Saudi Arabia Stocks Dip at Close of Trade; Tadawul All Share Decreases by 0.38%

Saudi Arabia’s stock market experienced a decline following the close on Sunday, with losses in various sectors contributing to the downturn.

At the end of trading in Saudi Arabia, the benchmark index fell by 0.38%.

Among the best performers of the day, Al Sorayai Trading & Industrial Group saw a significant increase of 9.96%, gaining 3.90 points to reach 43.05. Dur Hospitality also performed well, climbing 9.92% or 1.90 points to close at 21.06, while Middle East Specialized Cables Co experienced an 8.78% rise, adding 0.82 points to end at 10.16.

Conversely, the worst performers included Dar Alarkan Real Estate Development, which dropped by 5.51%, losing 0.70 points to settle at 12.00. Arabian Internet and Communications Services Co CSJC saw a decline of 4.62%, falling 12.00 points to 248.00, and Arabia Insurance Cooperative Co decreased by 4.50%, down 0.48 points to finish at 10.18.

On the Saudi Stock Exchange, rising stocks narrowly outpaced declining ones by 120 to 118, with 14 stocks remaining unchanged.

In the commodities market, crude oil for February delivery remained stable at $74.46 per barrel. Meanwhile, Brent oil for February saw a drop of 2.40%, falling to $79.26 per barrel, and February Gold Futures increased by 0.85%, trading at $1,803.00 per troy ounce.

In currency trading, the EUR/SAR exchange rate dropped by 0.35% to 3.98, while the USD/SAR remained virtually unchanged at 3.76. Additionally, the US Dollar Index Futures rose by 0.24%, reaching 104.45.