Market Overview#
On Thursday, Saudi Arabia's stock market experienced a decline, with the Tadawul All Share Index falling by 0.45%. This downturn was primarily influenced by losses in several key sectors, including Media & Publishing, Hotels & Tourism, and Real Estate Development.
Notable Gainers#
Despite the overall decline, some stocks managed to perform well. The biggest winner of the day was Methanol Chemicals Company, which saw a significant increase of 9.89%, closing at 8.00. Mouwasat Medical Services Company also had a strong showing, rising by 8.09% to finish at 69.50. Emaar The Economic City rounded out the top gainers with a 5.88% increase, closing at 9.72.
Major Losers#
On the flip side, several companies faced notable losses. Almoosa Health Co experienced the largest drop, losing 5.95% to trade at 129.60. Arabian Mills for Food Products followed closely, declining by 5.00% to end at 38.78. Al Etihad Cooperative Insurance Co SJSC also saw a decrease of 4.48%, closing at 7.04.
Market Statistics#
In total, 210 stocks declined while 127 rose, with 10 remaining unchanged on the Saudi Arabia Stock Exchange. In commodities, crude oil prices rose significantly, with April delivery increasing by 6.92% to $93.29 per barrel. Brent oil for May delivery also saw a rise of 7.07%, reaching $98.48 per barrel. Additionally, April Gold Futures increased slightly by 0.04% to trade at $5,181.26 per troy ounce. Currency exchange rates showed the Euro down 0.26% against the Saudi Riyal, while the US Dollar remained stable.