Market Overview#
On Thursday, Saudi Arabia's stock market experienced a downturn, with the Tadawul All Share Index falling by 1.20%. This decline was primarily influenced by losses in several sectors, including Industrial Investment, Financial Services, and Agriculture & Food.
Notable Gainers#
Despite the overall decline, some stocks managed to perform well. Saudi Darb Investment Co saw a significant increase of 8.06%, closing at 2.28. Rabigh Refining & Petrochemical Co followed closely, rising by 6.88% to end at 11.50. Additionally, BAAN Holding Group Company SJSC gained 6.06%, closing at 2.10.
Major Losers#
On the other hand, several companies faced substantial losses. Advanced Petrochemical Company dropped 6.82%, closing at 25.14. SABIC AgriNutrients Co declined by 5.05%, ending at 141.00, while National Industrialization Co fell by 4.71%, closing at 9.91. Overall, declining stocks outnumbered those that rose, with 250 stocks declining compared to 74 that gained, and 21 remaining unchanged.
Commodity Prices#
In commodities trading, crude oil prices saw a slight decrease, with June delivery down 0.15% to $92.82 per barrel. Brent oil for June also fell by 0.14%, reaching $101.77 per barrel. In contrast, June Gold Futures rose by 0.11%, trading at $4,758.44 per troy ounce.
Currency Exchange Rates#
In currency markets, the Euro to Saudi Riyal (EUR/SAR) exchange rate remained stable at 4.39, while the US Dollar to Saudi Riyal (USD/SAR) was unchanged at 3.75. The US Dollar Index Futures saw a minor increase of 0.09%, reaching 98.50.