Tadawul All Share Gains 0.33% in Saudi Close
Saudi Tadawul All Share Climbs 0.33% at Close
Saudi Arabian equities ended the trading session on a positive note, with the benchmark Tadawul All Share Index registering a modest gain of 0.33%.
This upward movement was primarily fueled by strong performances in key sectors including Industrial Investment, Insurance, and Energy & Utilities, which propelled the overall market higher during Sunday’s close.
Among the standout performers on the Tadawul All Share were Nama Chemicals Co., which surged by 9.98% or 2.03 points to close at 22.38. Saudi Paper Manufacturing Co. followed closely with an impressive rise of 8.42%, equivalent to 4.50 points, ending the day at 57.95. Additionally, Abdullah Saad Mohammed Abo Moati Stationeries Co advanced 6.96%, gaining 2.98 points to reach 45.78.
On the flip side, the session’s biggest decliners included Kingdom Holding Company, which dropped 3.16% or 0.27 points to settle at 8.28. Arabian Cement Co. fell 2.52%, losing 0.55 points to close at 21.25, while Arriyadh Development Co. declined 2.50%, shedding 0.59 points to end at 23.05.
Overall market breadth was favorable, with 218 stocks posting gains compared to 118 that declined, and 18 remaining unchanged on the Saudi Arabia Stock Exchange.
Notably, shares of Arriyadh Development Co. hit new 52-week lows, falling 2.50% or 0.59 points to 23.05.
In related commodity markets, crude oil for February delivery climbed 0.93%, or 0.52 points, to $56.52 per barrel. Brent oil for February rose 1.09%, gaining 0.65 points to $60.47 per barrel. Meanwhile, the February Gold Futures contract increased by 0.52%, or 22.80 points, trading at $4,387.30 per troy ounce.
Currency movements showed EUR/SAR steady with a slight 0.11% change at 4.39, while USD/SAR held flat at 0.00% change to 3.75. The US Dollar Index Futures edged up 0.16% to 98.25.
