Market Overview#
On Tuesday, Saudi Arabia's stock market closed higher, with the Tadawul All Share Index increasing by 0.55%. This upward movement was driven by strong performances in the Media & Publishing, Energy & Utilities, and Real Estate Development sectors.
Top Gainers#
Among the top performers on the Tadawul All Share were: - Dar Al Majed Real Estate Co Ltd: Up 8.62%, closing at 9.20. - Emaar The Economic City: Increased by 8.28%, ending at 10.07. - National Gas & Industrialization Co: Gained 6.56%, finishing at 78.00.
These companies saw significant increases in their stock prices, reflecting positive investor sentiment.
Notable Declines#
Conversely, some stocks faced declines: - Al Etihad Cooperative Insurance Co SJSC: Down 9.93%, trading at 6.44. - Marketing Home Group for Trading Co: Fell by 4.46%, closing at 46.22. - Yanbu National Petrochemical Co: Decreased by 3.83%, ending at 32.12.
The number of declining stocks outpaced those that rose, indicating mixed market conditions.
Commodity Prices#
In the commodities market, crude oil prices saw an increase, with May delivery crude oil rising by 2.95% to $95.19 per barrel. Brent oil for May delivery also increased by 2.40%, reaching $102.62 per barrel. Additionally, April Gold Futures rose by 0.39%, trading at $5,021.61 per troy ounce.
Currency Exchange Rates#
In currency trading, the Euro to Saudi Riyal (EUR/SAR) exchange rate increased by 0.19% to 4.32, while the US Dollar to Saudi Riyal (USD/SAR) remained stable at 3.75. The US Dollar Index Futures saw a slight increase of 0.02%, reaching 99.49.