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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.24%

Published 02/25/2024, 07:45 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.24%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Media & Publishing, Agriculture & Food and Financial Services sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.24%.

The best performers of the session on the Tadawul All Share were Saudi Arabian Amiantit Co. (TADAWUL:2160), which rose 9.96% or 2.65 points to trade at 29.25 at the close. Meanwhile, Arabian Pipes Company (TADAWUL:2200) added 9.94% or 15.80 points to end at 174.80 and Saudi Steel Pipe Company (TADAWUL:1320) was up 9.91% or 3.85 points to 42.70 in late trade.

The worst performers of the session were Al Baha Investment and Development Company SJSC (TADAWUL:4130), which fell 6.67% or 0.01 points to trade at 0.14 at the close. Savola Group (TADAWUL:2050) declined 3.65% or 2.10 points to end at 55.50 and Jadwa REIT Saudi Fund (TADAWUL:4342) was down 3.07% or 0.40 points to 12.64.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 191 to 96 and 14 ended unchanged.

Shares in Arabian Pipes Company (TADAWUL:2200) rose to 5-year highs; up 9.94% or 15.80 to 174.80. Shares in Saudi Steel Pipe Company (TADAWUL:1320) rose to all time highs; up 9.91% or 3.85 to 42.70.

Crude oil for April delivery was down 2.60% or 2.04 to $76.57 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 2.50% or 2.09 to hit $80.80 a barrel, while the April Gold Futures contract rose 0.74% or 15.10 to trade at $2,045.80 a troy ounce.

EUR/SAR was unchanged 0.01% to 4.06, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was up 0.03% at 103.90.

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