### Summary
Saudi Arabia's stock market ended higher on Sunday due to the rise in oil prices, although gains were limited as investors awaited further interest rate insight from the U.S. Federal Reserve.
### Facts
- 📈 Saudi Arabia's benchmark index gained 0.4%.
- 🚀 Petrochemical maker Saudi Basic Industries Corp rose 1.7%.
- 💹 Riyad Bank increased by 1.8%.
- ⛽️ Oil prices rose about 1% following a slump in U.S. crude production, leading to an anticipated supply tightness.
- 👥 Qatar's index edged 0.1% higher, boosted by a 1.3% gain in Commercial Bank.
- 📰 Investors will scrutinize a speech from Fed Chair Jerome Powell on Friday for clues about the interest rate outlook.
- 💱 Gulf countries tend to follow the Fed's rate move as most regional currencies are pegged to the U.S. dollar.
- 🇰🇼 Only the Kuwaiti dinar is pegged to a currency basket that includes the dollar.
- 📈 Egypt's blue-chip index added 0.4%, with tobacco monopoly Easter Company advancing 2.9%.
### Summary
Saudi Arabia's Tadawul All-Share Index rose by 0.44% while the parallel market, Nomu, increased by 1.77%. The benchmark index had a trade value of SR3.7 billion ($0.99 billion).
### Facts
- ⬆️ Tadawul All-Share Index rose by 0.44%, closing at 11,501.42.
- ⬆️ Nomu increased by 1.77%, finishing at 23,613.52.
- ⬆️ MSCI Index climbed by 0.86%, reaching 1,494.33.
- 💰 Tadawul All-Share Index had a trade value of SR3.7 billion ($0.99 billion).
- 💰 Nomu registered a traded value of SR32.6 million.
- 💹 Saudi Paper Manufacturing Co. surged by 7.08%.
- 💹 National Shipping Co. and Takween Advanced Industries Co. also saw gains.
- 💔 Development Works Food Co. faced a drop of 9.89%.
- 💔 Thimar Development Holding Co. and Al Mawarid Manpower Co. also experienced declines.
- ⬆️ Sumou Real Estate Co. achieved the most substantial gain on Nomu, with a rise of 10.73%.
- ⬆️ Naseej for Technology Co. and National Building and Marketing Co. also saw increases on Nomu.
- 💔 Bena Steel Industries Co. had the most substantial loss on Nomu, with a decline of 7.95%.
Note: Not all information in the text was included in the output.
### Summary
Saudi Arabia's Tadawul All Share Index rose by 0.44 percent, while the Nomu market increased by 1.77 percent. The benchmark index had a trading value of $0.99 billion with 105 stocks gaining and 111 declining. Saudi Paper Manufacturing Co. and Bahri were among the top performers, while Development Works Food Co. and Thimar Development Holding Co. were the weakest performers.
### Facts
- Saudi Arabia's Tadawul All Share Index increased by 0.44 percent, closing at 11,501.42.
- The Nomu market rose by 1.77 percent, finishing at 23,613.52.
- The MSCI Index climbed by 0.86 percent, reaching 1,494.33.
- Trade on the benchmark index totaled $0.99 billion with 105 stocks gaining and 111 declining.
- Saudi Paper Manufacturing Co. surged by 7.08 percent, National Shipping Co. of Saudi Arabia rose by 5.58 percent, and Takween Advanced Industries Co. increased by 4.98 percent.
- Development Works Food Co. faced a drop of 9.89 percent, becoming the weakest performer.
- Thimar Development Holding Co. and Al Mawarid Manpower Co. saw their share prices fall by 6.89 percent and 6.25 percent, respectively.
- Sumou Real Estate Co. achieved a gain of 10.73 percent on the Nomu market.
- Bena Steel Industries Co. experienced the most significant loss on Nomu, declining by 7.95 percent.
### Summary
The Tadawul All Share Index in Saudi Arabia rose by 0.44 percent, while the Nomu market increased by 1.77 percent. Several stocks showed gains, including Saudi Paper Manufacturing Co., Bahri, and Takween Advanced Industries Co.
### Facts
- Tadawul All Share Index rose by 0.44 percent, closing at 11,501.42.
- Nomu market increased by 1.77 percent, finishing at 23,613.52.
- MSCI Index climbed by 0.86 percent, reaching 1,494.33.
- Trade on the benchmark index totaled SR3.7 billion ($0.99 billion).
- 105 stocks showed gains, while 111 experienced declines.
- Nomu registered a traded value of SR32.6 million.
- Saudi Paper Manufacturing Co. saw a 7.08 percent increase in share price.
- Development Works Food Co. faced a 9.89 percent drop in share price.
- Sumou Real Estate Co. achieved a 10.73 percent gain on Nomu.
- Bena Steel Industries Co. recorded a 7.95 percent loss on Nomu.
### Summary
The Saudi Arabian stock market experienced a modest rise, with the Tadawul All Share Index increasing by 0.44 percent. The parallel market, Nomu, saw a more significant uptick of 1.77 percent.
### Facts
- 📈 The Tadawul All Share Index rose by 0.44 percent, closing at 11,501.42.
- 📈 The Nomu market increased by 1.77 percent, finishing at 23,613.52.
- 💰 Trade on the benchmark index totaled SR3.7 billion, with 105 stocks gaining and 111 declining.
- 💰 Nomu registered a traded value of SR32.6 million.
- 📈 Saudi Paper Manufacturing Co. was the top performer, with a share price surge of 7.08 percent.
- 📉 Development Works Food Co. had the biggest decline, with a drop of 9.89 percent.
- 📈 On Nomu, Sumou Real Estate Co. achieved the most substantial gain, with its share price rising by 10.73 percent.
- 📉 Bena Steel Industries Co. faced the most substantial loss on Nomu, with its share price declining by 7.95 percent.
Saudi Arabia's Tadawul All Share Index has shown resilience by edging up 0.34 percent, with a total trading turnover of $1.34 billion and a mix of stock performances.
Saudi Arabia's Tadawul All Share Index closed slightly higher, with a total trading turnover of SR5.02 billion, while a mix of stock performances saw some stocks advance and others decline.
Saudi Arabia's Tadawul All Share Index has experienced a significant decline due to poor performance from larger listed companies in sectors such as banking, energy, and materials, while stocks outside of these sectors have boosted the index; however, analysts believe the market to be fundamentally strong and see selloffs as buying opportunities due to transformative reforms and incentives implemented by Saudi Arabia under the Vision 2030 program.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
The Tadawul All Share Index in Saudi Arabia ended Monday's trading session with a decline of 0.61%.
