Market Overview#
Saudi Arabia's stock market experienced a positive close on Monday, with the Tadawul All Share Index rising by 0.42%. This increase was largely supported by strong performances in the Cement, Energy & Utilities, and Retail sectors.
Top Performers#
Among the standout stocks, Saudi Kayan Petrochemical Company saw a significant gain of 9.96%, rising by 0.53 points to close at 5.85. Similarly, Rabigh Refining & Petrochemical Co also increased by 9.96%, adding 1.26 points to finish at 13.91. Yanbu National Petrochemical Co followed closely with a rise of 7.65%, up 2.70 points to close at 38.00.
Notable Declines#
On the downside, Abdullah Saad Mohammed Abo Moati Stationeries Co faced a decline of 4.07%, losing 1.82 points to trade at 42.92. Saudi Tadawul Group Holding Co dropped by 3.68%, down 5.20 points to end at 136.00, while Saudi Paper Manufacturing Co decreased by 3.47%, shedding 2.10 points to close at 58.35.
Market Statistics#
Overall, advancing stocks outnumbered those that fell, with 219 stocks gaining and 107 declining, while 28 remained unchanged on the Saudi Arabia Stock Exchange. In commodities, crude oil prices rose, with June delivery up 1.90% to $96.19 per barrel, and Brent oil for July delivery increasing by 1.93% to $101.04. In contrast, gold futures for June fell by 0.47% to $4,718.66 per troy ounce. Currency exchange rates showed the Euro rising 0.28% against the Saudi Riyal, while the US Dollar remained stable.