The Saudi Arabian stock market concluded on a positive note over the weekend, with notable upswings in various sectors propelling the overall share values.
Upon the session’s end in Saudi Arabia, the primary stock index advanced modestly by 0.13%.
Al-Rajhi Cooperative Insurance led the surge, jumping 9.96% or 10.40 points, finishing at 114.80. Batic Investments and Logistics Co closely followed, climbing 9.96% or 0.28 points to 3.09, while Gulf General Cooperative Insurance appreciated by 9.93% or 1.36 points to settle at 15.06.
On the flip side, Saudi Paper Manufacturing Co. experienced a decline of 3.36% or 2.80 points, closing at 80.50. Al Yamamah Steel Industries Co also witnessed a downturn, decreasing by 2.83% or 1.20 points to 41.25, and Jarir Marketing Co dipped by 2.75% or 0.40 points to 14.16.
The day’s trading saw a predominance of advancing stocks, with 182 on the uptick, 104 on the downtick, and a stable count of 22.
Batic Investments and Logistics Co shares soared to five-year peaks, achieving a 9.96% increase to 3.09.
In the commodities market, June delivery of crude oil saw a marginal rise of 0.01% or 0.01 to $82.11 a barrel. June delivery of Brent oil increased by 0.31% or 0.27 to $87.38 a barrel, and the June Gold Futures contract appreciated by 0.36% or 8.70 to $2,406.70 per troy ounce.
The currency pair EUR/SAR remained virtually unchanged at 4.00, and the USD/SAR was steady with a minute change of 0.01% to 3.75.
Meanwhile, the US Dollar Index Futures experienced a slight decrease of 0.02%, landing at 105.96.