Market Overview#
On Monday, Saudi Arabia's stock market experienced a decline, with the Tadawul All Share Index falling by 0.85%. This drop was primarily driven by losses in key sectors, including Media & Publishing, Building & Construction, and Energy & Utilities.
Notable Gainers and Losers#
Despite the overall decline, some companies saw gains. Jarir Marketing Co. led the way, increasing by 3.29%, or 0.48 points, to close at 15.08. Other gainers included Cherry Trading Company, which rose by 3.11%, and Astra Industrial Group, which was up by 2.64%.
On the other hand, several companies faced significant losses. National Medical Care Company saw a decrease of 4.61%, while Saudi Cable Company and Saudi Research and Marketing Group also experienced declines of 4.51% and 4.40%, respectively. Overall, declining stocks outnumbered those that rose, with 271 stocks falling compared to 67 that gained.
Commodities Update#
In commodities trading, crude oil prices rose, with June delivery up by 5.74% to $87.33 per barrel, and Brent oil also increased by 5.32%, reaching $95.19 per barrel. However, gold prices fell by 1.12%, trading at $4,825.11 per troy ounce.
Currency Movements#
In currency markets, the Euro to Saudi Riyal exchange rate remained stable at 4.41, while the US Dollar to Saudi Riyal rate was slightly unchanged at 3.75. The US Dollar Index Futures saw a modest increase of 0.16%, reaching 98.06.