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Saudi Arabia’s stock market was down on Sunday, dragged by poor performance across the food and beverage, banking, and materials sectors. The Tadawul All Share Index slipped 1.03% at close, reflecting cautious investor sentiment across the board.
While the broader trend was bearish, some stocks bucked the trend to register considerable gains. Advanced Building Industries Co SJSC (TADAWUL:2240) soared 9.99% to end at 39.18, pacing gains among all other stocks in the session. Allied Cooperative Insurance Group SJSC (TADAWUL:8150) shares surged 6.00% to 11.83, and United Carton Industries Company (TADAWUL:1323) climbed 5.14% to 31.52.
Losers On the losing side, Al Sorayai Trading & Industrial Group (TADAWUL:1213) plunged 7.56% to 54.40, its lowest level in a year. Americana Restaurants International PLC (TADAWUL:6015) tumbled 6.76% to 2.07, while Saudi Company for Hardware (TADAWUL:4008) was down 6.02% at 31.20.
The market breadth was negative, with 234 stocks declining, 93 advancing, and 16 remaining unchanged, showing broad weakness across the Saudi exchange.
In commodities, crude oil for December delivery was up 0.68% at $60.98 per barrel, while Brent oil for January was up 0.62% at $64.77. Gold futures for December were down 0.49%, at $4,013.30 per troy ounce.
In currency markets, the euro was down 0.26% against the Saudi riyal at 4.33, while the US dollar remained unchanged at 3.75 SAR. The US Dollar Index Futures gained 0.28% and was trading at 99.63.
Overall, Saudi markets witnessed selling pressure in key consumer and financial sectors, though a few industrial and insurance stocks bucked the trend with strong gains.