Saudi Arabia\u2019s 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The market breadth was negative, with 234 stocks declining, 93 advancing, and 16 remaining unchanged, showing broad weakness across the Saudi exchange.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia\u2019s stock market was down on Sunday, dragged by poor performance across the food and beverage, banking, and materials\u2026<\/p>\n","protected":false},"author":294,"featured_media":94764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[33957,33958],"class_list":["post-94763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-saudi-stocks","tag-tadawul-all-share"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/94763","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=94763"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/94763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/94764"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=94763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=94763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=94763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}