Saudi Arabia\u2019s 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Global commodity prices added to the market\u2019s 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\u2019s economy.<\/p>\n
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.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia\u2019s Tadawul All Share Index closed lower on Sunday, slipping by 0.80% as declines in real estate, utilities, and\u2026<\/p>\n","protected":false},"author":294,"featured_media":84943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,186],"tags":[534,31233],"class_list":["post-84942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","category-world","tag-saudi-arabia","tag-saudi-aramco"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/84942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=84942"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/84942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/84943"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=84942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=84942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=84942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}