Saudi Arabian markets ended on a lower note on Monday, with downturns in key sectors contributing to a slight decline in stock values. The downturn encompassed industries such as , , and , which ushered in a collective dip in share prices.
The benchmark index in Saudi Arabia wrapped up the day with a modest retreat of 0.01%.
Leading the charge among the session’s gainers was United Int Transportation Company, which saw a substantial increase of 10.00% or 7.70 points, concluding the day at 84.70. Leejam Sports Company SJSC was also in the winner’s circle, climbing 9.29% or 18.60 points to finish at 218.80, while Arabian Contracting Services Company CJSC enjoyed an upward movement of 7.95% or 16.80 points to close at 228.20.
On the flip side, the session’s laggards included International Company for Water and Power Projects (ACWA Power), which took a dip of 2.99% or 11.60 points to end at 376.00. Etihad Atheeb Telecommunication also faced a downturn, dropping 2.82% or 2.70 points to settle at 93.10, and Saudi National Bank fell by 2.33% or 0.85 points to a value of 35.70.
In the broader market, advancing stocks eclipsed those on the decline on the Saudi Arabia Stock Exchange, with 217 stocks ending up, 76 down, and 12 remaining static.
Commodity markets saw mixed results, with crude oil for July delivery rising by 1.07% or 0.81 to $76.34 per barrel. Brent oil slated for August delivery also ticked up by 0.99% or 0.79 to reach $80.41 a barrel. In contrast, the August Gold Futures contract experienced a minor slip of 0.08% or 1.75, trading at $2,323.25 per troy ounce.
The currency front saw the EUR/SAR dip by 0.50% to 4.03, whereas the USD/SAR remained nearly unchanged with a marginal shift of 0.01% to 3.75.
Meanwhile, the US Dollar Index Futures inched up slightly by 0.02%, landing at 104.88.