Market Overview#
Saudi Arabia's stock market experienced a downturn on Monday, with the Tadawul All Share Index falling by 0.91%. This decline was primarily influenced by losses in the Cement, Real Estate Development, and Transport sectors.
Notable Gainers#
Despite the overall market decline, some companies saw significant gains. Al Sagr Co-operative Insurance Co led the way, rising by 9.99%, or 1.04 points, to close at 11.45. Amana Cooperative Insurance Co followed closely with a 9.98% increase, adding 0.62 points to finish at 6.83. Saudi Enaya Cooperative Insurance also saw a rise of 6.74%, up 0.70 points to close at 11.09.
Major Losers#
On the flip side, several companies faced substantial losses. Middle East Healthcare Co CJSC dropped by 7.31%, losing 2.74 points to trade at 34.74. Nofoth Food Products Co declined by 7.30%, down 0.63 points to end at 8.00. Almajed 4 Oud Company SJSC also saw a decrease of 6.57%, shedding 9.40 points to close at 133.60.
Market Statistics#
Overall, the number of declining stocks outpaced those that rose, with 215 stocks falling compared to 112 that increased, while 27 remained unchanged on the Saudi Arabia Stock Exchange. In commodities, crude oil prices saw a slight increase, with June delivery up by 0.74% to $102.69 a barrel, and Brent oil for July delivery rising by 1.84% to $110.16 a barrel. Meanwhile, gold futures for June fell by 1.37% to $4,580.86 per troy ounce. Currency exchange rates remained stable, with the Euro and US Dollar showing minimal changes against the Saudi Riyal.