Saudi Arabian stock markets experienced a downturn at the close on Sunday, with significant losses in key sectors such as Media & Publishing, Building & Construction, and Energy & Utilities.
This led to the Tadawul All Share Index falling by 1.31%, marking a new low for the month.
Despite the overall decline, there were some standout performers.
Red Sea Housing Services Company saw a notable increase of 9.89%, closing at 30.00, followed by the National Industrialization Co, which went up by 5.14% to end at 13.92.
The Alinma Retail REIT Fund Unit also gained, rising by 5.00% to close at 5.25.
However, not all shares fared well.
The Middle East Healthcare Co CJSC took a significant hit, dropping by 10.00% to close at 99.00.
Similarly, Zamil Industrial Investment Co and the Saudi Research and Marketing Group both fell by 10.00%, closing at 26.10 and 259.20, respectively.
The market dynamics showed a broader trend of declining stocks, with 214 falling compared to 74 that advanced. Sixteen stocks remained unchanged.
In particular, shares of Red Sea Housing Services Company reached a 52-week high, appreciating by 9.89% to close at 30.00.
In the commodities market, crude oil for May delivery witnessed an uptick, increasing by 2.16% to $83.11 a barrel.
Brent oil for June delivery saw a modest rise of 0.05%, reaching $86.99 a barrel.
Gold futures for June also experienced growth, rising by 1.90% to $2,254.80 a troy ounce.
Currency markets showed minimal changes with the EUR/SAR slightly up by 0.02% to 4.05, and the USD/SAR marginally increased by 0.09% to 3.75.
The US Dollar Index Futures recorded a rise of 0.20%, standing at 104.27, reflecting slight movements in the financial markets on that day.