Saudi Arabia Stock Market Update

Investing.com – Saudi Arabia stocks declined after the market closed on Tuesday. Losses were observed in the Industrial Investment, Transport, and Retail sectors.

At the close, the Tadawul All Share dropped 0.29%.

Top Performers

• Al Baha Investment and Development Company SJSC (TADAWUL:4130): rose 9.09% or 0.04 points to trade at 0.48.
• Saudi Chemical Company (TADAWUL:2230): increased 4.66% or 0.43 points to close at 9.66.
• Shatirah House Restaurant Co (TADAWUL:6016): up 4.41% or 0.90 points to reach 21.30 in late trading.

Worst Performers

• Middle East Specialized Cables Co (TADAWUL:2370): decreased 4.29% or 1.85 points to close at 41.25.
• Saudi Arabian Amiantit Co. (TADAWUL:2160): fell 3.23% or 0.95 points to 28.45.
• Jazan Development Co. (TADAWUL:6090): down 2.91% or 0.38 points to end at 12.68.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 209 to 110, with 18 stocks ending unchanged.

Commodities Update

• Crude Oil (February delivery): up 0.74% or 0.51 to $69.75 a barrel.
• Brent Oil (March delivery): rose 0.68% or 0.49 to hit $72.81 a barrel.
• Gold Futures (February contract): increased 0.07% or 1.84 to trade at $2,630.04 a troy ounce.

Currency Exchange Rates

• EUR/SAR: unchanged at 3.91.
• USD/SAR: remained unchanged at 3.75.

The US Dollar Index Futures was up 0.08% at 107.89.