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Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, slipping by 0.80% as declines in real estate, utilities, and media sectors dragged the market into negative territory. Sentiment remained weak as falling oil prices and mixed corporate performance weighed on investor confidence.
Among the biggest gainers of the session was Thimar Development Holding Co., which surged 6.67% to close at 38.68. Nama Chemicals Co. also climbed, gaining 5.72% to end the day at 26.24, while Saudi Pharmaceutical Appliances rose 4.39% to finish at 25.18.
On the downside, Saudi Aramco Base Oil Company JSC recorded a sharp drop of 9.96%, losing 10.40 points to close at 94.00. This marked a new 52-week low for the stock, reflecting investor concern amid volatility in global energy markets. Jabal Omar Development Company also took a hit, falling 5.39% to 18.96, and Dar Alarkan Real Estate Development declined 4.35% to settle at 18.27.
Overall market breadth was negative, with 239 stocks declining, 92 advancing, and 16 remaining unchanged. This broad-based selling pressure highlighted investor unease across various sectors.
Global commodity prices added to the market’s cautious tone. Crude oil for September delivery dropped 2.79% to $67.33 per barrel, while Brent oil for October delivery slid nearly 4% to $69.67. The weakness in oil weighed heavily on regional sentiment, given its critical role in Saudi Arabia’s economy.
Gold, however, offered a rare bright spot, with December futures climbing 1.52% to $3,413.80 per troy ounce, as investors sought safe haven amid broader uncertainty. On the currency front, the EUR/SAR pair was up 1.49% to 4.35, while USD/SAR remained stable at 3.75.
Meanwhile, the US Dollar Index Futures lost 0.81% to 98.93, reflecting softening dollar strength globally. As external headwinds and sector-specific pressures continue to mount, Saudi equities may remain under pressure in the short term unless oil prices stabilize and investor confidence rebounds.