Market Overview#
Saudi Arabia's stock market experienced a slight increase at the close of trading on Sunday. The Tadawul All Share Index, which tracks the performance of publicly traded companies in the country, rose by 0.11%. This uptick was primarily supported by positive movements in the Cement, Real Estate Development, and Telecoms & IT sectors.
Top Performers#
Among the notable gainers on the Tadawul All Share were: - Rabigh Refining & Petrochemical Co: Up 10.00%, or 1.15 points, closing at 12.65. - Yanbu National Petrochemical Co: Increased by 6.97%, or 2.30 points, ending at 35.30. - Alujain Corporation: Rose 5.67%, or 1.54 points, to close at 28.70.
These companies led the market with significant gains, reflecting investor confidence in their performance.
Notable Declines#
On the other hand, several stocks faced losses: - BAAN Holding Group Company SJSC: Down 7.62%, or 0.16 points, trading at 1.94. - Saudi Darb Investment Co: Declined by 4.39%, or 0.10 points, to close at 2.18. - National Agriculture Development Co: Shed 4.27%, or 0.72 points, ending at 16.15.
Overall, the number of declining stocks outpaced those that rose, with 170 stocks declining compared to 156 that gained, while 20 remained unchanged.
Commodities Update#
In the commodities market, crude oil prices for June delivery fell by 1.51%, settling at $94.40 per barrel. Conversely, Brent oil for June saw a slight increase of 0.25%, reaching $105.33 per barrel. Additionally, June Gold Futures rose by 0.36%, trading at $4,740.90 per troy ounce.
In currency markets, the Euro gained 0.33% against the Saudi Riyal, trading at 4.40, while the US Dollar remained stable at 3.75 against the Riyal. The US Dollar Index Futures decreased by 0.24%, standing at 98.36.