Saudi Arabia's Tadawul All Share Index Dips 1.30%

Saudi Arabian equities closed lower on Sunday due to losses in several key sectors.

The Tadawul All Share declined by 1.30%, with the Utilities, Materials, and Media sectors leading the downturn.

However, some companies managed to buck this trend, with Arriyadh Development Co. rising by 5.68% or 0.90 points to trade at 16.75, followed closely by Saudi RE Cooperative Reinsurance and Saudi Automotive Services Co., which saw gains of 3.67% and 3.40%, respectively.

On the other hand, some stocks took a significant hit, with Saudi Aramco Base Oil Company JSC plummeting by 9.97% or 14.10 points to trade at 127.30, while Knowledge Economic City and Allied Cooperative Insurance Group SJSC fell by 5.08% and 4.96%, respectively.