Saudi Arabian stocks experienced a surge on Thursday, propelled by significant advancements in various sectors. The market showed an upward trend at the day’s end, with a slight increase of 0.07%.
The session’s top performers included Fawaz Abdulaziz AlHokair Company, which saw a remarkable 6.50% rise or a 0.90 point increase, closing at a solid 14.74. Other notable performers were Abdullah Saad Mohammed Abo Moati Stationeries Co and Arabian Pipes Company. The former improved by 4.42% or 1.50 points, ending the day at 35.45, while the latter was up by 4.10% or 0.50 points, marking a late trade at 12.70.
As for the day’s underachievers, Salama Cooperative Insurance Co saw a 5.88% or 1.22 point drop, finishing at 19.52. Almoosa Health Co declined by 5.13% or 7.20 points, ending up at 133.20, while Al Hassan Ghazi Ibrahim Shaker experienced a 3.91% or 1.15 point drop, wrapping up at 28.25.
Despite the day’s gains, the number of stocks that fell outnumbered those that advanced on the Saudi Arabia Stock Exchange, with a ratio of 165 to 152, while 22 remained stable.
Abdullah Saad Mohammed Abo Moati Stationeries Co’s shares reached a year-long high, with a 4.42% or 1.50 point climb to 35.45. Conversely, Almoosa Health Co’s shares plummeted to an all-time low, losing 5.13% or 7.20 points to finish at 133.20.
In commodities trading, February’s crude oil rose by 0.48% or 0.35 to $73.67 per barrel. Also, Brent oil for March delivery increased by 0.51% or 0.39, reaching $76.55 a barrel. Gold futures contracts for February also showed a significant upturn, with a 0.63% or 16.86 rise to $2,689.26 per troy ounce.
As for currency trading, the EUR/SAR remained stable with a 0.11% increase to 3.87, while the USD/SAR also remained unchanged at 0.01% to 3.75.
Lastly, the US Dollar Index Futures experienced a slight increase, up by 0.06% at 108.99. This detailed market analysis is essential for those considering investing or simply interested in staying updated on financial trends.