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Saudi Tadawul All Share Index Gains 1.10% to Close Higher
Saudi Arabian stocks finished the trading week on a positive note, with the benchmark Tadawul All Share index closing 1.10% higher on Sunday. The gains were broad-based, supported by a rally in several key sectors and a favorable move in crude oil prices.
Sunday's Market Performance
At the close of trading in Riyadh, market breadth was strongly positive, with 232 stocks advancing compared to 82 that declined, while 21 ended the session unchanged, according to exchange data. The rally was led by notable strength in the Insurance, Media & Publishing, and Building & Construction sectors.
Top Movers
Several individual stocks posted significant moves. The session's top performers included:
- Lazurde for Jewelry Co (TADAWUL:4011), which surged 9.97% to close at 11.36.
- National Medical Care Company (TADAWUL:4005), which climbed 8.05% to end at 122.10.
- Retal Urban Development Company SJSC (TADAWUL:4322), which rose 6.50% to 10.82.
AdOn the other end, the session's biggest decliners were led by Methanol Chemicals Company (TADAWUL:2001), which fell 9.97%, and Al ELM Information Security Company CJSC (TADAWUL:7203), which dropped 7.67%.
Broader Market Context
Supporting the positive sentiment in the Saudi market, energy prices moved higher. Crude oil for September delivery rose 1.29% to $84.67 a barrel, while the international benchmark Brent oil for October delivery gained 1.22% to $90.12 a barrel.
In other markets, Gold Futures for August delivery fell 1.29% to $4,107.00 a troy ounce. In foreign exchange, the USD/SAR pair remained stable at 3.76, while the U.S. Dollar Index Futures edged up 0.07% to 99.79.
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