Market Overview#
On Sunday, Saudi Arabia's stock market closed lower, with the Tadawul All Share index dropping by 0.06%. This decline was primarily driven by losses in several sectors, including Hotels & Tourism, Agriculture & Food, and Energy & Utilities.
Notable Gainers#
Despite the overall market downturn, some stocks performed well. Saudi Pharmaceutical Appliances saw a significant increase of 8.11%, rising 2.20 points to close at 29.32. Methanol Chemicals Company followed with a gain of 7.38%, adding 0.59 points to finish at 8.59. Al Hassan Ghazi Ibrahim Shaker also experienced a rise of 7.15%, up 1.09 points to close at 16.34.
Major Losers#
On the other hand, several companies faced losses. Modern Mills Company SJSC dropped 5.38%, losing 1.56 points to trade at 27.44. Saudi Fisheries Co. declined by 5.17%, down 2.20 points to end at 40.38, while National Industrialization Co. fell 4.98%, shedding 0.44 points to close at 8.40.
Market Statistics#
In total, declining stocks outnumbered those that rose, with 181 stocks falling compared to 143 that gained, and 21 remaining unchanged on the Saudi Arabia Stock Exchange.
In commodities, crude oil prices rose, with April delivery up 3.11% to $98.71 per barrel, and Brent oil for May delivery increasing by 2.67% to $103.14 per barrel. However, April Gold Futures fell by 1.25% to trade at $5,061.70 per troy ounce.
In currency markets, the Euro to Saudi Riyal exchange rate decreased by 0.83% to 4.28, while the US Dollar to Saudi Riyal rate remained stable at 3.75. The US Dollar Index Futures rose by 0.61% to 100.36.