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.
