Stocks in Saudi Arabia close lower; Tadawul All Share index down by 0.24% on the day.

Saudi Arabia Stocks Decline at Close of Trading

Stock Market Recap

Sunday’s trading session in Saudi Arabia saw a dip in stock prices, with the Tadawul All Share index falling by 0.24%. Sectors like , and experienced notable losses, dragging the overall market down.

Top Gainers and Losers

Among the top performers were Saudi Arabian Amiantit Co., which surged by 9.96%, followed by Arabian Pipes Company and Saudi Steel Pipe Company, posting gains of 9.94% and 9.91%, respectively. On the downside, Al Baha Investment and Development Company SJSC, Savola Group, and Jadwa REIT Saudi Fund were among the biggest losers of the session.

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Market Highlights

Arabian Pipes Company and Saudi Steel Pipe Company both hit new highs during the trading session. Crude oil prices experienced a slight drop, with Brent oil and gold futures also seeing fluctuations. Currency exchange rates remained relatively stable throughout the day.

Market Statistics

The Saudi Arabia Stock Exchange witnessed a positive ratio of rising stocks to falling stocks, with 191 companies gaining ground against 96 decliners and 14 remaining unchanged. This indicates a mixed sentiment among investors in the market.

Commodity Market Updates

Crude oil prices for April delivery decreased, while Brent oil and gold futures showed varying trends. The US Dollar Index Futures saw a marginal increase, reflecting overall fluctuations in the global market.

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