The Saudi Arabian stock market concluded trading on a positive note, with considerable uplifts in multiple sectors propelling the market forward.
Upon closing, the Saudi stock index marked an increase of 0.17%.
Leading the charge were outstanding performers such as Middle East Paper Co, which saw its shares soar by 9.96% to settle at 44.70. Close behind, National Company for Learning and Education SJSC experienced a 9.89% rise, reaching 144.40, while ACWA Power enjoyed a 7.03% hike, closing at 350.00.
On the flip side, some companies faced setbacks, with Middle East Healthcare Co experiencing a 10.00% drop to 89.10. Fawaz Abdulaziz AlHokair Company also took a hit, declining by 9.96% to 14.82, alongside Zamil Industrial Investment Co, which dipped by 9.96% to 23.50.
The day concluded with more stocks declining than advancing, with 144 falling stocks against 134 gainers, and 24 remaining stagnant.
Fawaz Abdulaziz AlHokair Company’s shares tumbled to a one-year low, plummeting by 9.96% to 14.82.
In the commodities market, crude oil for May delivery dropped slightly by 0.30% to $82.92 per barrel. Concurrently, Brent oil slated for June delivery decreased by 0.37% to $86.68 per barrel. Meanwhile, June Gold Futures contrastingly climbed by 1.55% to $2,273.10 per troy ounce.
The currency exchange rates saw the EUR/SAR remain steady, while the USD/SAR edged up by 0.11% to 3.75.
Additionally, the US Dollar Index Futures experienced a slight uplift of 0.10%, landing at 104.37.