Key insights
- Saudi Arabian stocks closed higher, led by gains in Media & Publishing, Energy & Utilities, and Real Estate. Crude oil prices increased, while gold futures decreased. The US Dollar Index Futures was up. This event has no meaningful influence on the US equity market.
Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Media & Publishing, Energy & Utilities and Real Estate Development sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share gained 0.55%.
The best performers of the session on the Tadawul All Share were Dar Al Majed Real Estate Co Ltd (TADAWUL:4326), which rose 8.62% or 0.73 points to trade at 9.20 at the close. Meanwhile, Emaar The Economic City (TADAWUL:4220) added 8.28% or 0.77 points to end at 10.07 and National Gas & Industrialization Co (TADAWUL:2080) was up 6.56% or 4.80 points to 78.00 in late trade.
The worst performers of the session were Al Etihad Cooperative Insurance Co SJSC (TADAWUL:8170), which fell 9.93% or 0.71 points to trade at 6.44 at the close. Marketing Home Group for Trading Co (TADAWUL:4194) declined 4.46% or 2.16 points to end at 46.22 and Yanbu National Petrochemical Co (TADAWUL:2290) was down 3.83% or 1.28 points to 32.12.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 0 to 0.
Shares in Al Etihad Cooperative Insurance Co SJSC (TADAWUL:8170) fell to 5-year lows; down 9.93% or 0.71 to 6.44.
Crude oil for May delivery was up 2.27% or 2.18 to $98.32 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 3.26% or 3.54 to hit $106.41 a barrel, while the June Gold Futures contract fell 0.67% or 30.80 to trade at $4,609.60 a troy ounce.
EUR/SAR was down 0.14% to 4.34, while USD/SAR unchanged 0.01% to 3.75.
The US Dollar Index Futures was up 0.40% at 99.46.