Saudi Arabia’s stock market closed slightly lower on Sunday, with the Tadawul All Share Index (TASI) recording a modest decline of 0.07% at the end of the trading session. The downturn reflects continued cautious sentiment among investors, driven by both regional economic factors and global market uncertainties.
Trading across sectors displayed a mixed pattern, with some industries facing sharper declines while others posted gains. Telecommunication services, utilities, and financial institutions were among the main sectors dragging the market lower. Notably, shares of Mobile Telecommunications Company and Arabian Internet and Communications Services experienced significant drops, falling 4.15% and 3.66% respectively. Derayah Financial CJSC also closed lower by 2.91%, further contributing to the overall negative momentum in the market.
Despite the downward pressure, several companies posted notable gains. Saudi Darb Investment Company led the session’s risers, surging by 9.94%. Saudi RE Cooperative Reinsurance also recorded an impressive increase of 9.83%, followed closely by Anaam International Holding Group, which rose by 9.33%. Overall, 196 stocks advanced while 134 declined, and 21 remained unchanged, showcasing a balanced yet cautious trading environment.
The slight decline in the TASI aligns with broader regional trends observed in Gulf stock markets, where movement has remained limited due to lingering concerns over international trade negotiations and volatile commodity markets. Investors across the region are maintaining a defensive posture amid uncertainty surrounding global economic recovery and geopolitical developments.
Oil prices showed slight gains, with crude oil and Brent oil futures rising modestly during the trading session. Meanwhile, gold futures declined by 1.50%, signaling a slight shift away from traditional safe-haven assets as investors reassessed risk strategies. Currency markets remained largely stable, with the U.S. dollar maintaining its strength against the Saudi Riyal and the Euro.
The marginal dip in Saudi Arabia’s Tadawul All Share Index reflects a market environment characterized by short-term caution and sector-specific pressures rather than broad-based weakness. Investor sentiment continues to be influenced by external economic factors, including global trade negotiations and commodity price fluctuations. As corporate earnings reports for the first quarter are released and geopolitical discussions evolve, market participants are likely to remain vigilant, adjusting their strategies to navigate an increasingly complex financial landscape