Sectoral Contributions to the Stock Market Rise
Saudi Arabia's stocks saw a positive shift as the markets closed this Sunday. The uplift was primarily driven by gains in the Agriculture & Food, Insurance, and Cement sectors. This collective momentum propelled the Tadawul All Share Index, which saw an increase of 0.30%.
Top Performers of the Trading Session
Leading the charge on the Tadawul All Share were three standout performers. The First Milling Company SJSC (TADAWUL:2283) soared 13.48% or 9.50 points, closing at a trading price of 80.00. Following closely, Jamjoom Pharmaceuticals Factory Company SJSC (TADAWUL:4015) rallied 9.94% or 8.90 points to wrap up at 98.40. Additionally, Al Mawarid Manpower Company SCJSC (TADAWUL:1833) finished the day with a boost of 9.80% or 9.30 points at 104.20.
Underperforming Stocks of the Session
Despite the overall upward trend, some stocks couldn't keep pace. Al Aseel Co Ltd (TADAWUL:4012) dipped 8.45% or 0.49 points to trade at 5.31 at the close. The Saudi Chemical Company (TADAWUL:2230) took a hit, declining 4.50% or 0.17 points to end at 3.61. Furthermore, Batic Investments and Logistics Co (TADAWUL:4110) fell 4.47% or 0.11 points to 2.35.
Comparison of Rising and Declining Stocks
In the broader picture, the Saudi Arabia Stock Exchange saw more winners than losers. Out of all the traded stocks, 169 posted gains, 89 recorded losses, and 27 remained stagnant.
In a landmark event, shares in First Milling Company SJSC, Jamjoom Pharmaceuticals Factory Company SJSC, and Al Mawarid Manpower Company SCJSC all reached record highs, with respective increases of 13.48%, 9.94%, and 9.80%.
Commodity and Currency Market Overview
In the commodities market, Crude oil for August delivery rose 0.84% to $70.45 a barrel. Brent oil for September delivery also climbed 0.91% to hit $75.19 a barrel. Gold for August delivery increased by 0.52% to trade at $1,927.80 a troy ounce. In the currency space, the EUR/SAR exchange rate grew by 0.41% to 4.09, while the USD/SAR remained virtually unchanged at 3.75. Lastly, the US Dollar Index Futures took a minor dip, falling by 0.42% to stand at 102.57.