Market Overview#
Saudi Arabia's stock market saw positive movement on Thursday, with the Tadawul All Share Index increasing by 0.55%. This rise was largely fueled by strong performances in the Media & Publishing, Energy & Utilities, and Real Estate Development sectors.
Top Gainers#
Among the standout performers, Dar Al Majed Real Estate Co Ltd experienced a significant rise of 8.62%, closing at 9.20. Emaar The Economic City followed closely with an 8.28% increase, finishing at 10.07. National Gas & Industrialization Co also saw a healthy gain of 6.56%, closing at 78.00.
Notable Declines#
On the flip side, some companies faced losses. Al Etihad Cooperative Insurance Co SJSC was the biggest loser, dropping 9.93% to close at 6.44. Marketing Home Group for Trading Co fell by 4.46%, ending at 46.22, while Yanbu National Petrochemical Co decreased by 3.83%, closing at 32.12.
Commodities and Currency Update#
In commodities, crude oil prices saw a slight increase, with May delivery up 0.47% to $95.91 per barrel. Brent oil for May delivery rose significantly by 5.44%, reaching $113.22 per barrel. However, April Gold Futures dropped by 6.88%, trading at $4,559.40 per troy ounce. In currency markets, the Euro to Saudi Riyal exchange rate rose by 0.29% to 4.31, while the US Dollar to Saudi Riyal rate remained stable at 3.75.