November 22, 2024
44 S Broadway, White Plains, New York, 10601
EARNINGS INVESTING News

Breaking: Saudi Arabian Stocks Plunge Over 1%! What Happened to Tadawul All Share Market Today?

Breaking: Saudi Arabian Stocks Plunge Over 1%! What Happened to Tadawul All Share Market Today?

The Saudi Arabian stock market witnessed a downward trend at the close of trading on Thursday, with key sectors such as and experiencing losses, causing a decline in shares. The index dropped by 1.17%, hitting a new 1-month low.

Key Highlights From the Trading Session:

  • Top Performers:
    • Saudi Cable Company (TADAWUL:) surged by 5.10% or 4.50 points, closing at 92.70.
    • Shatirah House Restaurant Co (TADAWUL:) saw a 3.75% increase, adding 0.76 points to end at 21.00.
    • Arabian Mills for Food Products (TADAWUL:) climbed 3.08% or 1.60 points to 53.60 by the end of the session.
  • Worst Performers:
    • Saudi Chemical Company (TADAWUL:) witnessed a decline of 4.94% or 0.52 points, closing at 10.00.
    • Alkhaleej Training & Education Co (TADAWUL:) dropped by 4.90% or 1.50 points to end at 29.10.
    • Red Sea Housing Services Company (TADAWUL:) was down by 4.84% or 3.50 points, reaching 68.80.

Noteworthy Market Conditions:

  • On the Saudi Arabia Stock Exchange, falling stocks outnumbered advancing ones by a significant margin, with 230 shares in decline, 84 advancing, and 14 remaining unchanged.
  • Crude oil for December delivery showed a modest increase of 0.56%, reaching $68.81 per barrel.
  • In commodities trading, Brent oil for January delivery rose by 0.57%, hitting $72.69 per barrel, while the December Gold Futures contract decreased by 1.18% to trade at $2,556.00 per troy ounce.
  • Currency exchange rates saw EUR/SAR declining by 0.27% to 3.96, while USD/SAR remained unchanged at 3.76.
  • The US Dollar Index Futures indicated a 0.30% increase, standing at 106.69.

In conclusion, the Saudi stock market experienced a downward trend with notable fluctuations across various sectors. Investors should closely monitor the evolving market conditions and make informed decisions to mitigate risks and capitalize on potential opportunities.

Leave feedback about this

  • Quality
  • Price
  • Service

PROS

+
Add Field

CONS

+
Add Field
Choose Image
Choose Video