Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.14%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Telecoms & IT, Cement and Energy & Utilities sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.14%.

The best performers of the session on the Tadawul All Share were Umm Al Qura for Development and Construction Company SCJSC (TADAWUL:4325), which rose 2.77% or 0.70 points to trade at 25.95 at the close. Meanwhile, National Industrialization Co (TADAWUL:2060) added 2.26% or 0.21 points to end at 9.49 and Arabian Contracting Services Company CJSC (TADAWUL:4071) was up 1.69% or 2.20 points to 132.00 in late trade.

The worst performers of the session were Zahrat Al Waha for Trading Co (TADAWUL:3007), which fell 7.05% or 2.10 points to trade at 27.70 at the close. Saudi Automotive Services Co. (TADAWUL:4050) declined 5.67% or 3.70 points to end at 61.50 and Emaar The Economic City (TADAWUL:4220) was down 4.50% or 0.66 points to 14.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 237 to 72 and 21 ended unchanged.

Shares in Umm Al Qura for Development and Construction Company SCJSC (TADAWUL:4325) rose to all time highs; up 2.77% or 0.70 to 25.95.

Crude oil for June delivery was down 1.60% or 0.95 to $58.29 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.35% or 0.84 to hit $61.29 a barrel, while the June Gold Futures contract rose 0.66% or 21.30 to trade at $3,257.00 a troy ounce.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

EUR/SAR was unchanged 0.02% to 4.24, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.21% at 99.84.

Is 2060 truely undervalued?

With 2060 making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed 2060 alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? 2060 wasn't at the top of the list.

Unlock ProPicks AI