June 6 2024: Saudi Arabia’s stock market closed slightly higher on Thursday, buoyed by gains in the Financial Services, Multi Investment, and Petrochemicals sectors. The Tadawul All Share Index rose by 0.06%.
Top Performers
- Saudi Cement Company (TADAWUL:3030) led the session with a gain of 3.82%, rising 1.65 points to close at 44.85.
- Taiba Holding Co. (TADAWUL:4090) added 2.71%, increasing by 1.10 points to end at 41.65.
- The Qassim Cement Co (TADAWUL:3040) was up 2.25%, gaining 1.30 points to close at 59.00.
Worst Performers
- Saudi Cable Company (TADAWUL:2110) was the session’s worst performer, falling by 7.87% or 5.10 points to 59.70.
- Alkhorayef Water and Power Technologies Co (TADAWUL:2081) declined 7.62%, losing 13.00 points to end at 157.60.
- National Gas & Industrialization Co (TADAWUL:2080) dropped 4.83%, falling 4.30 points to close at 84.70.
Market Breadth
The market saw 180 declining stocks compared to 106 advancing ones, with 17 stocks remaining unchanged.
Commodities and Forex
- Crude Oil (July delivery) rose by 0.50% or 0.37 to $74.44 a barrel.
- Brent Oil (August delivery) increased by 0.41% or 0.32 to $78.73 a barrel.
- Gold Futures (August delivery) edged up 0.07% or 1.60 to $2,377.10 a troy ounce.
- EUR/SAR was up 0.16% to 4.09.
- USD/SAR remained nearly unchanged at 3.75, down 0.01%.
The US Dollar Index Futures decreased slightly by 0.02% to 104.20.
